PROCEPT BIOROBOTICS CORP (PRCT) Stock Technical Analysis
NASDAQ:PRCT - US74276L1052 - Common Stock
38.34 USD
+0.5 (+1.32%)
38.68 USD
+0.34 (+0.89%)
Overall PRCT gets a technical rating of 0 out of 10. 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
96% of all other stocks performed better in the past year than PRCT.
PRCT is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 77% of 190 stocks in the same industry do better.
PRCT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month PRCT has a been trading in the 37.12 - 42.70 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
PRCT has an average volume of 1153360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, PRCT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 41.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.33, a Stop Loss order could be placed below this zone.
More info and screens
37.45
55.93
When analyzing the support we notice one important area.
- A support zone ranging from 37.83 to 38.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 41.60 to 41.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @52.48 from a trend line in the daily time frame.
- Resistance @55.38 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 PRCT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRCT is down. |
| ChartMill Relative Strength | 4.11 | NEGATIVE | PRCT has a low relative strength, it was outperformed by 95.89% 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) | 33.21 | NEUTRAL | The RSI value for PRCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests PRCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 17.43 | OVERSOLD | The low Stochastics value suggests PRCT may be oversold. |
| Average True Range in percent/ATR (20) | 5.65 | HIGH VOLATILITY | The high ATR as a percentage value for PRCT suggests high volalility. |
| Average Directional Index/ADX (14) | 36.58 | POSITIVE | The high ADX value value for PRCT 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)
38.34
+0.5 (+1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg1.32%
1 Week-6.03%
2 Weeks-2.64%
1 Month-16.09%
3 Month-39.06%
6 Month-35.38%
12 Month-49.95%
2 Year16.85%
3 Year-7.53%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.69
ATR(20)%5.65%
ATR Inc-7.26%
Range Today1.29
ADR(20)1.98
ADR(20)%5.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.11
Mansfield-4.75
10 Day High42.43
10 Day Low37.18
20 Day High42.71
20 Day Low37.12
52 Week High103.81
52 Week Low37.12
CS1 End38.33
CR1 Start41.6
Volume & EV
DER(3)-0.79%
DER(5)-0.65%
Volume778.50K
Volume Incr-28.98%
Vol(5)948.02K
Vol(50)1.15M