PURECYCLE TECHNOLOGIES INC (PCT) Stock Technical Analysis
NASDAQ:PCT • US74623V1035
Taking everything into account, PCT scores 0 out of 10 in our technical rating. PCT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, PCT is a bad performer in the overall market: 89% of all stocks are doing better.
- PCT is one of the lesser performing stocks in the Chemicals industry. 85% of 83 stocks in the same industry do better.
- 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 6.02 - 10.21 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 4332510 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. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.24
We found 1 important support area.
- A support zone ranging from 6.30 to 6.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @10.77 from a trend line in the daily time frame.
- Resistance @12.45 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 | 11.49 | NEGATIVE | PCT has a low relative strength, it was outperformed by 88.51% 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) | 27.95 | OVERSOLD | The low RSI value suggests PCT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests PCT has a negative trend. |
| Stochastics (14,3) | 8.36 | OVERSOLD | The low Stochastics value suggests PCT may be oversold. |
| Average True Range in percent/ATR (20) | 10.27 | HIGH VOLATILITY | The high ATR as a percentage value for PCT suggests high volalility. |
| Average Directional Index/ADX (14) | 29.8 | POSITIVE | The high ADX value value for PCT suggests a strong trend. |
6.45
+0.14 (+2.22%)
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 27.9547. 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 6.3 and a resistance level at 10.77. Check the full technical report for our detailed analysis of PCT support and resistance levels.