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PIVOTAL INVESTMENT CORPIII-A (PICC) Stock Technical Analysis

NYSE:PICC - New York Stock Exchange, Inc. - US72582M1062 - Common Stock - Currency: USD

9.9497  +0.01 (+0.1%)

Technical Rating and Analysis

2

Taking everything into account, PICC scores 2 out of 10 in our technical rating. 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 short term trend is negative, the long term trend is neutral. Not much exciting going on here.
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 currently trading near new highs, so PICC is lagging the market.
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.
Weekly and Daily overview Charts
PIVOTAL INVESTMENT CORPIII-A / PICC Weekly stock chart
PIVOTAL INVESTMENT CORPIII-A / PICC Daily stock chart
Setup Rating and Analysis

8

PICC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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.

Support and Resistance Analysis

9.52

10.26

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.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for PICC is neutral.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for PICC is down.
ChartMill Relative Strength65.4NEUTRALPICC is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of PICC is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of PICC is below a declining SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of PICC is above the rising SMA(200).
Relative Strength Index/RSI (14)47.94NEUTRALThe RSI value for PICC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests PICC has a negative trend, although the MACD value is rising.
Stochastics (14,3)62.78NEUTRALThe Stochastics value for PICC is a neutral value.
Average True Range in percent/ATR (20)0.76LOW VOLATILITYThe low ATR as a percentage value for PICC suggests low volalility.
Average Directional Index/ADX (14)37.53POSITIVEThe high ADX value value for PICC suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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 CORPIII-A / PICC Daily stock chart

PIVOTAL INVESTMENT CORPIII-A

NYSE:PICC (2/7/2023, 8:04:01 PM)

9.9497

+0.01 (+0.1%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.1%
1 Week-0.3%
2 Weeks0%
1 Month-1.44%
3 Month0.1%
6 Month1.01%
12 Month2.57%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.76%
ATR Inc-35.78%
Range Today0
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
CRS65.4
Mansfield-0.26
10 Day High10.01
10 Day Low9.85
20 Day High10.1
20 Day Low9.75
52 Week High10.17
52 Week Low9.6
CS1 End9.92
CR1 Start9.96
Volume & EV
DER(3)-1.27%
DER(5)-0.76%
Volume4.80K
Volume Incr-93.32%
Vol(5)3.68K
Vol(50)116.59K