PROCORE TECHNOLOGIES INC (PCOR) Stock Technical Analysis
NYSE:PCOR • US74275K1088
We assign a technical rating of 0 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.
- When comparing the yearly performance of all stocks, PCOR is a bad performer in the overall market: 88% of all stocks are doing better.
- PCOR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PCOR is lagging the market.
- In the last month PCOR has a been trading in the 46.08 - 57.28 range, which is quite wide. It is currently trading near the high of this range.
- PCOR has an average volume of 2284450 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 48% of 276 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PCOR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for PCOR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
48.36
We found 1 important support area.
- Support @48.85 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 56.51 to 56.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @70.01 from a trend line in the daily time frame.
- Resistance @76.07 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 | 12.79 | NEGATIVE | PCOR has a low relative strength, it was outperformed by 87.21% off all stocks 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) | 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) | 51.16 | NEUTRAL | The RSI value for PCOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.32 | POSITIVE | The MACD value suggests PCOR has a positive trend. |
| Stochastics (14,3) | 92.91 | OVERBOUGHT | The high Stochastics value suggests PCOR may be overbought. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for PCOR suggests high volalility. |
| Average Directional Index/ADX (14) | 30.31 | POSITIVE | The high ADX value value for PCOR suggests a strong trend. |
56.5
+0.77 (+1.38%)
PROCORE TECHNOLOGIES INC / PCOR FAQ
What is the ChartMill technical rating of PROCORE TECHNOLOGIES INC (PCOR) stock?
ChartMill assigns a technical rating of 0 / 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 51.1562. 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 48.85 and a resistance level at 56.51. Check the full technical report for our detailed analysis of PCOR support and resistance levels.