PIVOTAL INVESTMENT CORPIII-A (PICC) Stock Technical Analysis
NYSE:PICC - New York Stock Exchange, Inc. - US72582M1062 - Common Stock - Currency: USD
Overall PICC gets a technical rating of 2 out of 10. 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.
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.
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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.
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%)