PROCEPT BIOROBOTICS CORP (PRCT) Technical Analysis
NASDAQ:PRCT • US74276L1052
We assign a technical rating of 0 out of 10 to PRCT. PRCT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture 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.
- When comparing the yearly performance of all stocks, PRCT is a bad performer in the overall market: 92% of all stocks are doing better.
- PRCT is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 68% of 184 stocks in the same industry do better.
- PRCT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PRCT is lagging the market.
- PRCT has an average volume of 1656970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PRCT has a been trading in the 19.35 - 29.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
PRCT has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.
More info and screens
23.93
We found 1 important support area.
- Support @24.17 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 27.79 to 27.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.36 from a trend line in the daily time frame.
- Resistance @34.61 from a trend line in the daily time frame.
- Resistance @36.95 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 PRCT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRCT is neutral. |
| ChartMill Relative Strength | 8.47 | NEGATIVE | PRCT has a low relative strength, it was outperformed by 91.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRCT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PRCT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.56 | NEUTRAL | The RSI value for PRCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests PRCT has a positive trend. |
| Stochastics (14,3) | 70.14 | NEUTRAL | The Stochastics value for PRCT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.15 | HIGH VOLATILITY | The high ATR as a percentage value for PRCT suggests high volalility. |
| Average Directional Index/ADX (14) | 28.15 | POSITIVE | The high ADX value value for PRCT suggests a strong trend. |
PRCT Technicals: Chart, Performance Metrics, Trend & Indicators
26.12
-1.68 (-6.04%)
PROCEPT BIOROBOTICS CORP / PRCT FAQ
What is the technical rating for PRCT stock?
ChartMill assigns a technical rating of 0 / 10 to PRCT.
What is the trend direction for PRCT stock?
The current trend direction for PROCEPT BIOROBOTICS CORP (PRCT) is Bearish.
What is the RSI signal for PRCT stock?
PROCEPT BIOROBOTICS CORP (PRCT) has an RSI value of 52.5624. This indicates that the stock is currently neutral.
What is the short term momentum for PROCEPT BIOROBOTICS CORP (PRCT) stock?
The short term momentum for PROCEPT BIOROBOTICS CORP (PRCT) is neutral.
What is the support and resistance level for PRCT stock?
PROCEPT BIOROBOTICS CORP (PRCT) has a support level at 24.17 and a resistance level at 32.36. Check the full technical report for our detailed analysis of PRCT support and resistance levels.