PROCORE TECHNOLOGIES INC (PCOR) Stock Technical Analysis
NYSE:PCOR - New York Stock Exchange, Inc. - US74275K1088 - Common Stock - Currency: USD
Taking everything into account, PCOR scores 1 out of 10 in our technical rating. PCOR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month PCOR has a been trading in the 61.73 - 77.89 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
PCOR has an average volume of 1538880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, PCOR turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
PCOR is part of the Software industry. There are 282 other stocks in this industry, PCOR did better than 60% 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.
The technical rating of PCOR is bad and it also does not present a 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.
More info and screens
51.52
76.76
5 important support areas can be observed.
- Support @59.45 from a trend line in the weekly time frame.
- Support @57.31 from a horizontal line in the weekly time frame.
- Support @56.25 from a horizontal line in the daily time frame.
- Support @54.96 from a trend line in the weekly time frame.
- Support @52.04 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @76.00 from a trend line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for PCOR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PCOR is down. |
| ChartMill Relative Strength | 61.98 | NEUTRAL | PCOR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PCOR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PCOR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PCOR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.33 | NEUTRAL | The RSI value for PCOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.52 | NEGATIVE | The MACD value suggests PCOR has a negative trend. |
| Stochastics (14,3) | 8.13 | OVERSOLD | The low Stochastics value suggests PCOR may be oversold. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for PCOR suggests some volalility. |
| Average Directional Index/ADX (14) | 35.8 | POSITIVE | The high ADX value value for PCOR suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
64.1
+1.11 (+1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.76%
1 Week-15.99%
2 Weeks-13.45%
1 Month-11.17%
3 Month-2.33%
6 Month-15.04%
12 Month20.29%
2 Year-5.11%
3 Year17.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.78
ATR(20)%4.08%
ATR Inc4.73%
Range Today2.33
ADR(20)2.37
ADR(20)%3.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.98
Mansfield-1.34
10 Day High77.89
10 Day Low61.73
20 Day High77.89
20 Day Low61.73
52 Week High88.92
52 Week Low52.6
CS1 End59.45
CR1 Start76
Volume & EV
DER(3)0.72%
DER(5)0.31%
Volume8.16M
Volume Incr250.92%
Vol(5)4.76M
Vol(50)1.54M