PORCH GROUP INC (PRCH) Stock Technical Analysis
USA - NASDAQ:PRCH - US7332451043 - Common Stock
18.86 USD
0 (0%)
18.86 USD
0 (0%)
Taking everything into account, PRCH scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PRCH is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, PRCH did better than 99% of all other stocks. On top of that, PRCH also shows a nice and consistent pattern of rising prices.
PRCH is one of the better performing stocks in the Software industry, it outperforms 99% of 279 stocks in the same industry.
A new 52 week high is currently being made by PRCH, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month PRCH has a been trading in the 15.46 - 19.18 range, which is quite wide. It is currently trading near the high of this range.
PRCH has an average volume of 2067900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although PRCH has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
15.80
19.05
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.23 to 18.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.44 to 17.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.96 from a trend line in the daily time frame.
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 | UP | POSITIVE | The long term trend for PRCH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRCH is up. |
| ChartMill Relative Strength | 99.51 | POSITIVE | PRCH has a high relative strength, it outperformed 99.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRCH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRCH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRCH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.2 | NEUTRAL | The RSI value for PRCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PRCH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.86 | OVERBOUGHT | The high Stochastics value suggests PRCH may be overbought. |
| Average True Range in percent/ATR (20) | 4.33 | MEDIUM VOLATILITY | The ATR as a percentage value for PRCH suggests some volalility. |
| Average Directional Index/ADX (14) | 37.2 | POSITIVE | The high ADX value value for PRCH suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.19 | 18.22 | 0.97 (5.05%) | 19.81% |
| An entry @19.19. This is a Buy Stop order right above the 10 day high. | An exit @18.22. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.97 points, which is 5.05%. | For a 1.00% total portfolio risk, you can invest 19.81% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PRCH. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
18.86
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0%
1 Week8.14%
2 Weeks3.63%
1 Month20.59%
3 Month75.93%
6 Month177.35%
12 Month1022.62%
2 Year2249.86%
3 Year738.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%4.33%
ATR Inc2.78%
Range Today0.48
ADR(20)0.81
ADR(20)%4.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.51
Mansfield11.89
10 Day High19.18
10 Day Low17.14
20 Day High19.18
20 Day Low15.46
52 Week High19.18
52 Week Low1.26
CS1 End18.33
CR1 StartN/A
Volume & EV
DER(3)6.65%
DER(5)4.76%
Volume4.17M
Volume Incr33.39%
Vol(5)2.70M
Vol(50)2.07M