We assign a technical rating of 2 out of 10 to PRCH. Although PRCH is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of PRCH is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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8.77
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.12 to 9.28. 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 8.86 to 8.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @9.96 from a horizontal line in the weekly time frame.
- Resistance @10.48 from a horizontal line in the daily time frame.
- Resistance @11.93 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 | 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 | 91.1 | POSITIVE | PRCH has a high relative strength, it outperformed 91.1% off all stocks 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) | UP | MIXED | The current price of PRCH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.62 | NEUTRAL | The RSI value for PRCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests PRCH has a positive trend. |
| Stochastics (14,3) | 67.44 | NEUTRAL | The Stochastics value for PRCH is a neutral value. |
| Average True Range in percent/ATR (20) | 4.79 | MEDIUM VOLATILITY | The ATR as a percentage value for PRCH suggests some volalility. |
| Average Directional Index/ADX (14) | 19.21 | NEGATIVE | The low ADX value for PRCH suggests a weak or negative trend. |
9.95
+0.56 (+5.96%)
PORCH GROUP INC / PRCH FAQ
What is the ChartMill technical rating of PORCH GROUP INC (PRCH) stock?
ChartMill assigns a technical rating of 2 / 10 to PRCH.
Can you provide the trend direction for PORCH GROUP INC?
The current trend direction for PORCH GROUP INC (PRCH) is Bearish.
What is the RSI signal for PORCH GROUP INC (PRCH) stock?
PORCH GROUP INC (PRCH) has an RSI value of 55.6216. This indicates that the stock is currently neutral.
What is the MACD signal for PRCH stock?
The MACD indicator for PORCH GROUP INC (PRCH) has a value of 0.171093, indicating a bearish trend.
What is the support and resistance level for PRCH stock?
PORCH GROUP INC (PRCH) has a support level at 9.28 and a resistance level at 9.96. Check the full technical report for our detailed analysis of PRCH support and resistance levels.