PORCH GROUP INC (PRCH) Stock Technical Analysis
NASDAQ:PRCH • US7332451043
We assign a technical rating of 0 out of 10 to PRCH. PRCH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, PRCH is a bad performer in the overall market: 77% of all stocks are doing better.
- 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 75% of 274 stocks in the same industry.
- PRCH has an average volume of 1724940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PRCH has a been trading in the 6.36 - 9.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PRCH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
7.17
We found 1 important support area.
- Support @7.24 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 7.49 to 7.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 8.32 to 8.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.61 from a trend line in the daily time frame.
- Resistance @16.05 from a horizontal 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 | DOWN | NEGATIVE | The short term trend for PRCH is down. |
| ChartMill Relative Strength | 23.17 | NEGATIVE | PRCH has a low relative strength, it was outperformed by 76.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRCH is below 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) | 42.71 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 32.35 | NEUTRAL | The Stochastics value for PRCH is a neutral value. |
| Average True Range in percent/ATR (20) | 8.54 | HIGH VOLATILITY | The high ATR as a percentage value for PRCH suggests high volalility. |
| Average Directional Index/ADX (14) | 20.13 | NEUTRAL | The ADX value for PRCH suggests a possible start of a new trend. |
7.48
+0.12 (+1.63%)
PORCH GROUP INC / PRCH FAQ
What is the ChartMill technical rating of PORCH GROUP INC (PRCH) stock?
ChartMill assigns a technical rating of 0 / 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 42.7134. 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 0.0256365, indicating a bearish trend.
What is the support and resistance level for PRCH stock?
PORCH GROUP INC (PRCH) has a support level at 7.24 and a resistance level at 7.49. Check the full technical report for our detailed analysis of PRCH support and resistance levels.