PIVOTAL INVESTMENT CORPIII-A (PICC) Stock Technical Analysis
NYSE:PICC • US72582M1062
Overall PICC gets a technical rating of 2 out of 10. In the last year, PICC was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, PICC turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
- PICC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PICC is lagging the market slightly.
- In the last month PICC has a been trading in a tight range between 9.75 and 10.10.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, PICC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.92, a Stop Loss order could be placed below this zone.
More info and screens
9.52
We found 1 important support area.
- A support zone ranging from 9.62 to 9.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 9.96 to 10.16. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for PICC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PICC is down. |
| ChartMill Relative Strength | 65.4 | NEUTRAL | PICC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PICC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PICC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PICC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.94 | NEUTRAL | The RSI value for PICC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PICC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.78 | NEUTRAL | The Stochastics value for PICC is a neutral value. |
| Average True Range in percent/ATR (20) | 0.76 | LOW VOLATILITY | The low ATR as a percentage value for PICC suggests low volalility. |
| Average Directional Index/ADX (14) | 37.53 | POSITIVE | The high ADX value value for PICC suggests a strong trend. |
NYSE:PICC (2/7/2023, 8:04:01 PM)
9.9497
+0.01 (+0.1%)
PIVOTAL INVESTMENT CORPIII-A / PICC FAQ
What is the ChartMill technical rating of PIVOTAL INVESTMENT CORPIII-A (PICC) stock?
ChartMill assigns a technical rating of 2 / 10 to PICC.
What is the current trend direction of PIVOTAL INVESTMENT CORPIII-A (PICC) stock?
The current trend direction for PIVOTAL INVESTMENT CORPIII-A (PICC) is Bearish.
What is the RSI signal for PICC stock?
PIVOTAL INVESTMENT CORPIII-A (PICC) has an RSI value of 47.9398. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PIVOTAL INVESTMENT CORPIII-A?
PIVOTAL INVESTMENT CORPIII-A (PICC) has a support level at 9.92 and a resistance level at 9.96. Check the full technical report for our detailed analysis of PICC support and resistance levels.