PORCH GROUP INC (PRCH) Technical Analysis
NASDAQ:PRCH • US7332451043
Current stock price
PRCH Technical Rating and Analysis
Taking everything into account, PRCH scores 1 out of 10 in our technical rating. PRCH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- PRCH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- PRCH is one of the better performing stocks in the Software industry, it outperforms 80% of 271 stocks in the same industry.
- PRCH has an average volume of 1556200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, PRCH turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
- In the last month PRCH has a been trading in the 6.55 - 7.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PRCH Weekly and Daily overview Charts
PRCH Setup Rating and Analysis
Although the technical rating is bad, PRCH does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 6.85, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PRCH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
PRCH Support and Resistance Analysis
6.68
We found 1 important support area.
- A support zone ranging from 6.75 to 6.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @8.37 from a horizontal line in the weekly time frame.
- Resistance @16.05 from a horizontal line in the daily time frame.
PRCH 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 | DOWN | NEGATIVE | The long term trend for PRCH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRCH is neutral. |
| ChartMill Relative Strength | 63.15 | NEUTRAL | PRCH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PRCH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRCH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PRCH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.82 | NEUTRAL | The RSI value for PRCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PRCH has a positive trend. |
| Stochastics (14,3) | 40.1 | NEUTRAL | The Stochastics value for PRCH is a neutral value. |
| Average True Range in percent/ATR (20) | 6.02 | HIGH VOLATILITY | The high ATR as a percentage value for PRCH suggests high volalility. |
| Average Directional Index/ADX (14) | 9.55 | NEGATIVE | The low ADX value for PRCH suggests a weak or negative trend. |
PRCH Chart- and CandleStick Pattern Analysis
PRCH Technicals: Chart, Performance Metrics, Trend & Indicators
7.44
+0.38 (+5.38%)
PORCH GROUP INC / PRCH TA FAQ
What is the ChartMill technical rating of PORCH GROUP INC (PRCH) stock?
ChartMill assigns a technical rating of 1 / 10 to PRCH.
Can you provide the trend direction for PORCH GROUP INC?
The current trend direction for PORCH GROUP INC (PRCH) is Bearish.
Can you provide the RSI signal for PORCH GROUP INC?
PORCH GROUP INC (PRCH) has an RSI value of 51.8166. This indicates that the stock is currently neutral.
What is the short term momentum for PORCH GROUP INC (PRCH) stock?
The short term momentum for PORCH GROUP INC (PRCH) is neutral.
What are the support and resistance levels for PORCH GROUP INC (PRCH) stock?
PORCH GROUP INC (PRCH) has a support level at 6.85 and a resistance level at 8.37. Check the full technical report for our detailed analysis of PRCH support and resistance levels.