PROCORE TECHNOLOGIES INC (PCOR) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:PCOR • US74275K1088
Overall PCOR gets a technical rating of 0 out of 10. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 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 near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month PCOR has a been trading in the 55.67 - 75.22 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 1376890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PCOR is part of the Software industry. There are 278 other stocks in this industry, PCOR did better than 49% of them.
The technical rating of PCOR is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
55.92
We found 1 important support area.
- A support zone ranging from 56.48 to 56.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 71.74 to 72.10. 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 74.29 to 75.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @77.11 from a trend line in the weekly time frame.
- Resistance @79.60 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for PCOR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PCOR is down. |
| ChartMill Relative Strength | 12.78 | NEGATIVE | PCOR has a low relative strength, it was outperformed by 87.22% off all stocks 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) | DOWN | NEGATIVE | The current price of PCOR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 20.77 | OVERSOLD | The low RSI value suggests PCOR may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.21 | NEGATIVE | The MACD value suggests PCOR has a negative trend. |
| Stochastics (14,3) | 2.09 | OVERSOLD | The low Stochastics value suggests PCOR may be oversold. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for PCOR suggests some volalility. |
| Average Directional Index/ADX (14) | 37.48 | POSITIVE | The high ADX value value for PCOR suggests a strong trend. |
56.49
-0.3 (-0.53%)
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 20.7674. This indicates that the stock is currently oversold.
What is the buy/sell signal for PCOR stock?
The buy/sell signal for PROCORE TECHNOLOGIES INC (PCOR) is sell as both the short term and long term trends are negative.
What is the support and resistance level for PCOR stock?
PROCORE TECHNOLOGIES INC (PCOR) has a support level at 56.48 and a resistance level at 71.74. Check the full technical report for our detailed analysis of PCOR support and resistance levels.