PURECYCLE TECHNOLOGIES INC (PCT) Stock Technical Analysis
NASDAQ:PCT - US74623V1035 - Common Stock
14.29 USD
-0.34 (-2.32%)
14.2908 USD
+0 (+0.01%)
Taking everything into account, PCT scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PCT is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PCT is one of the better performing stocks in the market, outperforming 96% of all stocks.
PCT is part of the Chemicals industry. There are 83 other stocks in this industry. PCT outperforms 97% of them.
PCT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PCT is lagging the market slightly.
In the last month PCT has a been trading in the 11.99 - 15.14 range, which is quite wide. It is currently trading near the high of this range.
PCT has an average volume of 3499940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PCT has an excellent technical rating, but the quality of the setup is only medium 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
7.10
15.02
We found 4 important support areas.
- A support zone ranging from 13.18 to 13.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.85 to 12.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.20 to 12.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.17 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @14.87 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 | UP | POSITIVE | The long term trend for PCT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PCT is up. |
| ChartMill Relative Strength | 96.35 | POSITIVE | PCT has a high relative strength, it outperformed 96.35% off all stocks 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) | 56.4 | NEUTRAL | The RSI value for PCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests PCT has a positive trend. |
| Stochastics (14,3) | 82.61 | OVERBOUGHT | The high Stochastics value suggests PCT may be overbought. |
| Average True Range in percent/ATR (20) | 5.69 | HIGH VOLATILITY | The high ATR as a percentage value for PCT suggests high volalility. |
| Average Directional Index/ADX (14) | 21.35 | NEUTRAL | The ADX value for PCT suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
14.29
-0.34 (-2.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-2.32%
1 Week9.8%
2 Weeks7.44%
1 Month13.23%
3 Month50.26%
6 Month38.74%
12 Month134.26%
2 Year60.02%
3 Year56.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%5.69%
ATR Inc-20.68%
Range Today0.72
ADR(20)0.79
ADR(20)%5.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.35
Mansfield2.6
10 Day High15.15
10 Day Low11.99
20 Day High15.15
20 Day Low11.99
52 Week High17.37
52 Week Low4.5
CS1 End13.41
CR1 Start14.87
Volume & EV
DER(3)4.19%
DER(5)3.1%
Volume2.25M
Volume Incr6.98%
Vol(5)3.19M
Vol(50)3.50M