Overall PCT gets a technical rating of 2 out of 10. PCT 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.
- PCT is one of the lesser performing stocks in the Chemicals industry. 62% of 83 stocks in the same industry do better.
- In the last month PCT has a been trading in the 9.00 - 12.31 range, which is quite wide. It is currently trading near the lows of this range.
- PCT has an average volume of 3895840 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, PCT turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
- PCT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PCT is lagging the market.
The technical rating of PCT 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
7.56
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.06 to 9.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.28 from a horizontal line in the weekly time frame.
- A support zone ranging from 7.64 to 7.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.07 to 10.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.47 from a trend line in the daily time frame.
- Resistance @12.88 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 PCT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PCT is down. |
| ChartMill Relative Strength | 44.51 | NEUTRAL | PCT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PCT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PCT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.57 | NEUTRAL | The RSI value for PCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests PCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.59 | OVERSOLD | The low Stochastics value suggests PCT may be oversold. |
| Average True Range in percent/ATR (20) | 8.09 | HIGH VOLATILITY | The high ATR as a percentage value for PCT suggests high volalility. |
| Average Directional Index/ADX (14) | 21.69 | NEUTRAL | The ADX value for PCT suggests a possible start of a new trend. |
9.65
+0.51 (+5.52%)
PURECYCLE TECHNOLOGIES INC / PCT FAQ
What is the technical rating for PCT stock?
ChartMill assigns a technical rating of 2 / 10 to PCT.
Can you provide the trend direction for PURECYCLE TECHNOLOGIES INC?
The current trend direction for PURECYCLE TECHNOLOGIES INC (PCT) is Bearish.
What is the RSI signal for PURECYCLE TECHNOLOGIES INC (PCT) stock?
PURECYCLE TECHNOLOGIES INC (PCT) has an RSI value of 45.5714. This indicates that the stock is currently neutral.
What is the support and resistance level for PCT stock?
PURECYCLE TECHNOLOGIES INC (PCT) has a support level at 9.14 and a resistance level at 10.07. Check the full technical report for our detailed analysis of PCT support and resistance levels.