PROCORE TECHNOLOGIES INC (PCOR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PCOR - US74275K1088 - Common Stock
Overall PCOR gets a technical rating of 7 out of 10. 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.
Besides having an excellent technical rating, PCOR also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
60.97
4 important support areas can be observed.
- A support zone ranging from 73.94 to 74.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.42 to 70.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 66.95 to 67.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.59 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @78.56 from a trend line in the weekly 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 | 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 | 57.33 | NEUTRAL | PCOR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PCOR is above a declining 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) | 57.66 | NEUTRAL | The RSI value for PCOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests PCOR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.44 | OVERBOUGHT | The high Stochastics value suggests PCOR may be overbought. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for PCOR suggests some volalility. |
| Average Directional Index/ADX (14) | 18.63 | NEGATIVE | The low ADX value for PCOR suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 78.57 | 73.93 | 4.64 (5.91%) | 16.93% |
| An entry @78.57. This is a Buy Stop order right above the resistance zone. | An exit @73.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.64 points, which is 5.91%. | When investing 16.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
76.94
-0.67 (-0.86%)
PROCORE TECHNOLOGIES INC / PCOR FAQ
What is the ChartMill technical rating of PROCORE TECHNOLOGIES INC (PCOR) stock?
ChartMill assigns a technical rating of 7 / 10 to PCOR.
Can you provide the trend direction for PROCORE TECHNOLOGIES INC?
The current trend direction for PROCORE TECHNOLOGIES INC (PCOR) is Bullish.
What is the RSI signal for PCOR stock?
PROCORE TECHNOLOGIES INC (PCOR) has an RSI value of 57.6556. This indicates that the stock is currently neutral.
What is the buy/sell signal for PROCORE TECHNOLOGIES INC (PCOR) stock?
The buy/sell signal for PROCORE TECHNOLOGIES INC (PCOR) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for PROCORE TECHNOLOGIES INC?
PROCORE TECHNOLOGIES INC (PCOR) has a support level at 74.68 and a resistance level at 78.56. Check the full technical report for our detailed analysis of PCOR support and resistance levels.