PURECYCLE TECHNOLOGIES INC (PCT) Stock Technical Analysis
NASDAQ:PCT - Nasdaq - US74623V1035 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to PCT. Both in the recent history as in the last year, PCT has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 one of the better performing stocks in the Chemicals industry, it outperforms 96% of 85 stocks in the same industry.
In the last month PCT has a been trading in the 7.74 - 11.29 range, which is quite wide. It is currently trading near the high of this range.
PCT has an average volume of 3165510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PCT has an excellent technical rating, it does not present a decent entry opportunity 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
5.71
11.13
2 important support areas can be observed.
- A support zone ranging from 10.01 to 10.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.77 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 11.02 to 11.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 96.05 | POSITIVE | PCT has a high relative strength, it outperformed 96.05% 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) | 69.92 | NEUTRAL | The RSI value for PCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests PCT has a positive trend. |
| Stochastics (14,3) | 88.28 | OVERBOUGHT | The high Stochastics value suggests PCT may be overbought. |
| Average True Range in percent/ATR (20) | 6.05 | HIGH VOLATILITY | The high ATR as a percentage value for PCT suggests high volalility. |
| Average Directional Index/ADX (14) | 34.17 | POSITIVE | The high ADX value value for PCT suggests a strong 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)
11.01
+0.19 (+1.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.76%
1 Week11.66%
2 Weeks6.38%
1 Month35.42%
3 Month42.99%
6 Month-6.3%
12 Month92.48%
2 Year2.99%
3 Year48.38%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%6.05%
ATR Inc21.44%
Range Today0.54
ADR(20)0.64
ADR(20)%5.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.05
Mansfield2
10 Day High11.29
10 Day Low9.15
20 Day High11.29
20 Day Low7.74
52 Week High15.58
52 Week Low4.5
CS1 End10.01
CR1 Start11.02
Volume & EV
DER(3)4.42%
DER(5)3.01%
Volume3.53M
Volume Incr-18.53%
Vol(5)2.90M
Vol(50)3.17M