PROCORE TECHNOLOGIES INC (PCOR) Technical Analysis
NYSE:PCOR • US74275K1088
We assign a technical rating of 1 out of 10 to PCOR. PCOR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 85% of all other stocks performed better in the past year than PCOR.
- PCOR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- PCOR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- PCOR has an average volume of 2567880 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PCOR is an average performer in the Software industry, it outperforms 54% of 277 stocks in the same industry.
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
47.39
We found 1 important support area.
- Support @47.87 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 57.14 to 57.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 58.94 to 59.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @69.27 from a trend line in the daily time frame.
- Resistance @75.86 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 | DOWN | NEGATIVE | The long term trend for PCOR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PCOR is neutral. |
| ChartMill Relative Strength | 15.02 | NEGATIVE | PCOR has a low relative strength, it was outperformed by 84.98% 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) | DOWN | NEGATIVE | The current price of PCOR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PCOR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.25 | NEUTRAL | The RSI value for PCOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.97 | POSITIVE | The MACD value suggests PCOR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.3 | OVERBOUGHT | The high Stochastics value suggests PCOR may be overbought. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for PCOR suggests high volalility. |
| Average Directional Index/ADX (14) | 22.41 | NEUTRAL | The ADX value for PCOR suggests a possible start of a new trend. |
PCOR Technicals: Chart, Performance Metrics, Trend & Indicators
56.09
-1.33 (-2.32%)
PROCORE TECHNOLOGIES INC / PCOR FAQ
What is the ChartMill technical rating of PROCORE TECHNOLOGIES INC (PCOR) stock?
ChartMill assigns a technical rating of 1 / 10 to PCOR.
What is the current trend direction of PROCORE TECHNOLOGIES INC (PCOR) stock?
The current trend direction for PROCORE TECHNOLOGIES INC (PCOR) is Bearish.
Can you provide the RSI signal for PROCORE TECHNOLOGIES INC?
PROCORE TECHNOLOGIES INC (PCOR) has an RSI value of 48.2543. This indicates that the stock is currently neutral.
What is the support and resistance level for PCOR stock?
PROCORE TECHNOLOGIES INC (PCOR) has a support level at 47.87 and a resistance level at 57.14. Check the full technical report for our detailed analysis of PCOR support and resistance levels.