PURECYCLE TECHNOLOGIES INC (PCT) Technical Analysis
NASDAQ:PCT • US74623V1035
Overall PCT gets a technical rating of 0 out of 10. PCT'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 91% of all other stocks performed better in the past year than PCT.
- PCT is part of the Chemicals industry. There are 83 other stocks in this industry, of which 87% are performing better than PCT.
- PCT 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 PCT has a been trading in the 5.74 - 9.94 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.
- PCT has an average volume of 4266330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
5.93
We found 1 important support area.
- A support zone ranging from 5.99 to 5.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @10.63 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 | DOWN | NEGATIVE | The long term trend for PCT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PCT is down. |
| ChartMill Relative Strength | 9.96 | NEGATIVE | PCT has a low relative strength, it was outperformed by 90.04% off all stocks 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) | DOWN | NEGATIVE | The current price of PCT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 27.13 | OVERSOLD | The low RSI value suggests PCT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests PCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.03 | OVERSOLD | The low Stochastics value suggests PCT may be oversold. |
| Average True Range in percent/ATR (20) | 11.11 | HIGH VOLATILITY | The high ATR as a percentage value for PCT suggests high volalility. |
| Average Directional Index/ADX (14) | 34.4 | POSITIVE | The high ADX value value for PCT suggests a strong trend. |
PCT Technicals: Chart, Performance Metrics, Trend & Indicators
6
-0.2 (-3.23%)
PURECYCLE TECHNOLOGIES INC / PCT FAQ
What is the technical rating for PCT stock?
ChartMill assigns a technical rating of 0 / 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 27.1315. This indicates that the stock is currently oversold.
What is the buy/sell signal for PCT stock?
The buy/sell signal for PURECYCLE TECHNOLOGIES INC (PCT) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for PURECYCLE TECHNOLOGIES INC (PCT) stock?
PURECYCLE TECHNOLOGIES INC (PCT) has a support level at 5.99 and a resistance level at 10.63. Check the full technical report for our detailed analysis of PCT support and resistance levels.