PCOR Technical Analysis - PROCORE TECHNOLOGIES INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to PCOR. Although PCOR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.

In the last month PCOR has a been trading in the 65.37 - 77.14 range, which is quite wide. It is currently trading near the high of this range.

PCOR has an average volume of 1815530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, PCOR did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

PCOR is part of the Software industry. There are 279 other stocks in this industry, PCOR did better than 62% of them.

PCOR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PCOR is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PROCORE TECHNOLOGIES INC / PCOR Weekly stock chart

PROCORE TECHNOLOGIES INC / PCOR Daily stock chart

Setup Rating and Analysis

Although PCOR has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

51.52

77.41

We found 4 important support areas.

A support zone ranging from 69.13 to 71.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 63.50 to 64.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @60.28 from a trend line in the weekly time frame.
Support @52.04 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 75.61 to 76.64. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for PCOR is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PCOR is up.
ChartMill Relative Strength	74.02	POSITIVE	PCOR has a high relative strength, it outperformed 74.02% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PCOR is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PCOR is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of PCOR is above a declining SMA(200).
Relative Strength Index/RSI (14)	62.15	NEUTRAL	The RSI value for PCOR is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.3	POSITIVE	The MACD value suggests PCOR has a positive trend.
Stochastics (14,3)	56.86	NEUTRAL	The Stochastics value for PCOR is a neutral value.
Average True Range in percent/ATR (20)	3.01	MEDIUM VOLATILITY	The ATR as a percentage value for PCOR suggests some volalility.
Average Directional Index/ADX (14)	24.32	NEUTRAL	The ADX value for PCOR suggests a possible start of a new trend.