PIVOTAL INVESTMENT CORPIII-A (PICC) Technical Analysis
NYSE:PICC • US72582M1062
Current stock price
PICC Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to PICC. PICC has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, PICC outperforms 65% of them, which is more or less in line with the market.
- 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.
PICC Weekly and Daily overview Charts
PICC Setup Rating and Analysis
PICC has a bad technical rating, but it does show a decent setup pattern. 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
PICC Support and Resistance Analysis
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.
When analyzing the resistance we notice one important 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.
PICC 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 | 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. |
PICC Chart- and CandleStick Pattern Analysis
PICC Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:PICC (2/7/2023, 8:04:01 PM)
9.9497
+0.01 (+0.1%)
PIVOTAL INVESTMENT CORPIII-A / PICC TA 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.