PURECYCLE TECHNOLOGIES INC (PCT) Stock Technical Analysis
USA - NASDAQ:PCT - US74623V1035 - Common Stock
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.
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
7.19
When analyzing the support we can see 2 important areas.
- Support @7.79 from a trend line in the weekly time frame.
- Support @7.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @14.55 from a trend line in the daily time frame.
- Resistance @14.86 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 PCT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PCT is down. |
| ChartMill Relative Strength | 13.42 | NEGATIVE | PCT has a low relative strength, it was outperformed by 86.58% 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) | 33.08 | NEUTRAL | The RSI value for PCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests PCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.99 | OVERSOLD | The low Stochastics value suggests PCT may be oversold. |
| Average True Range in percent/ATR (20) | 9.15 | HIGH VOLATILITY | The high ATR as a percentage value for PCT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.67 | POSITIVE | The high ADX value value for PCT suggests a strong trend. |
9.6
-0.29 (-2.93%)
PURECYCLE TECHNOLOGIES INC / PCT FAQ
What is the technical rating for PCT stock?
ChartMill assigns a technical rating of 0 / 10 to PCT.
What is the current trend direction of PURECYCLE TECHNOLOGIES INC (PCT) stock?
The current trend direction for PURECYCLE TECHNOLOGIES INC (PCT) is Bearish.
Can you provide the RSI signal for PURECYCLE TECHNOLOGIES INC?
PURECYCLE TECHNOLOGIES INC (PCT) has an RSI value of 33.0788. This indicates that the stock is currently neutral.
What is the short term momentum for PURECYCLE TECHNOLOGIES INC (PCT) stock?
The short term momentum for PURECYCLE TECHNOLOGIES INC (PCT) is negative.
What is the support and resistance level for PCT stock?
PURECYCLE TECHNOLOGIES INC (PCT) has a support level at 7.79 and a resistance level at 14.55. Check the full technical report for our detailed analysis of PCT support and resistance levels.