We assign a technical rating of 6 out of 10 to PCT. PCT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month PCT has a been trading in the 8.34 - 12.31 range, which is quite wide. It is currently trading near the high of this range.
- PCT has an average volume of 4244980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, PCT outperforms 55% of them, which is more or less in line with the market.
- PCT is part of the Chemicals industry. There are 83 other stocks in this industry, PCT did better than 60% of them.
- 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.
PCT has an average technical rating and it also does not offer a high 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.
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7.58
When analyzing the support we can see 3 important areas.
- A support zone ranging from 10.46 to 10.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.92 from a trend line in the weekly time frame.
- A support zone ranging from 7.66 to 7.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- Resistance @11.77 from a horizontal line in the weekly time frame.
- Resistance @12.00 from a horizontal line in the daily time frame.
- Resistance @13.17 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 | UP | POSITIVE | The short term trend for PCT is up. |
| ChartMill Relative Strength | 55.38 | NEUTRAL | PCT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PCT is above the rising 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 | POSITIVE | The current price of PCT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.03 | NEUTRAL | The RSI value for PCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests PCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.6 | OVERBOUGHT | The high Stochastics value suggests PCT may be overbought. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for PCT suggests high volalility. |
| Average Directional Index/ADX (14) | 26.17 | POSITIVE | The high ADX value value for PCT suggests a strong trend. |
11.7
-0.29 (-2.42%)
PURECYCLE TECHNOLOGIES INC / PCT FAQ
What is the technical rating for PCT stock?
ChartMill assigns a technical rating of 6 / 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 64.0316. 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 10.49 and a resistance level at 11.77. Check the full technical report for our detailed analysis of PCT support and resistance levels.