Pivotal Investment Corp II Cl A (PIC) Stock Technical Analysis
USA - NYSEARCA:PIC -
19.54
+4.22 (+27.55%)
19.63
+0.09 (+0.46%)
Taking everything into account, PIC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, PIC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
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! However, this is in line with the S&P500, which is also trading near new highs.
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.
Although PIC has an excellent technical rating, it does not offer a high quality setup 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
9.72
19.74
2 important support areas can be observed.
- 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.
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. |
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)
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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg27.55%
1 Week25.26%
2 Weeks22.13%
1 Month72.31%
3 Month63.51%
6 Month92.32%
12 Month98.38%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.73
ATR(20)%8.82%
ATR Inc71.13%
Range Today1.8
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.23
Mansfield5.7
10 Day High19.8
10 Day Low14.2
20 Day High19.8
20 Day Low11.52
52 Week High19.8
52 Week Low9.5
CS1 End15.01
CR1 StartN/A
Volume & EV
DER(3)2.3%
DER(5)1.49%
Volume23.01M
Volume Incr54.62%
Vol(5)8.21M
Vol(50)3.37M