Pivotal Investment Corp II Cl A (PIC) Technical Analysis
NYSEARCA:PIC
Current stock price
PIC Technical Rating and Analysis
Taking everything into account, PIC scores 10 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, PIC 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 PIC is one of the better performing stocks in the market, outperforming 93% of all stocks.
- A new 52 week high is currently being made by PIC, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so PIC is leading the market.
- In the last month PIC has a been trading in the 11.52 - 19.80 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- PIC has an average volume of 3370130 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.
PIC Weekly and Daily overview Charts
PIC Setup Rating and Analysis
Although PIC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
PIC Support and Resistance Analysis
9.72
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.82 to 15.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 9.82 to 10.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
PIC Technical Indicator Signal Analysis
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 PIC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PIC is up. |
| ChartMill Relative Strength | 93.23 | POSITIVE | PIC has a high relative strength, it outperformed 93.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PIC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PIC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PIC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.32 | OVERBOUGHT | The high RSI value suggests PIC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests PIC has a positive trend. |
| Stochastics (14,3) | 64.22 | NEUTRAL | The Stochastics value for PIC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.82 | HIGH VOLATILITY | The high ATR as a percentage value for PIC suggests high volalility. |
PIC Chart- and CandleStick Pattern Analysis
PIC Technicals: Chart, Performance Metrics, Trend & Indicators
Pivotal Investment Corp II Cl A
NYSEARCA:PIC (12/21/2020, 8:04:01 PM)
After market: 19.63 +0.09 (+0.46%)19.54
+4.22 (+27.55%)
Pivotal Investment Corp II Cl A / PIC TA FAQ
What is the ChartMill technical rating of Pivotal Investment Corp II Cl A (PIC) stock?
ChartMill assigns a technical rating of 9 / 10 to PIC.
Can you provide the trend direction for Pivotal Investment Corp II Cl A?
The current trend direction for Pivotal Investment Corp II Cl A (PIC) is Bullish.
Can you provide the RSI signal for Pivotal Investment Corp II Cl A?
Pivotal Investment Corp II Cl A (PIC) has an RSI value of 74.3197. This indicates that the stock is currently overbought.
What is the MACD signal for Pivotal Investment Corp II Cl A (PIC) stock?
The MACD indicator for Pivotal Investment Corp II Cl A (PIC) has a value of 0.107287, indicating a bearish trend.
What is the buy/sell signal for PIC stock?
The buy/sell signal for Pivotal Investment Corp II Cl A (PIC) is buy as both the short term and long term trends are positive.