PROCEPT BIOROBOTICS CORP (PRCT) Stock Technical Analysis
NASDAQ:PRCT - Nasdaq - US74276L1052 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to PRCT. In the past year, PRCT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month PRCT has a been trading in the 52.30 - 66.85 range, which is quite wide. It is currently trading near the high of this range.
PRCT has an average volume of 1042040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, PRCT outperforms 41% of them, which is more or less in line with the market.
PRCT is an average performer in the Health Care Equipment & Supplies industry, it outperforms 65% of 188 stocks in the same industry.
PRCT is currently trading in the middle 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 slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PRCT has an average technical rating and it also does not offer a high quality setup 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
51.44
65.70
When analyzing the support we can see 3 important areas.
- A support zone ranging from 55.70 to 56.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @54.25 from a trend line in the weekly time frame.
- A support zone ranging from 51.96 to 52.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @65.05 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 | NEUTRAL | NEUTRAL | The long term trend for PRCT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRCT is up. |
| ChartMill Relative Strength | 41.38 | NEUTRAL | PRCT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRCT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRCT is above the rising 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) | 61.53 | NEUTRAL | The RSI value for PRCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests PRCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.73 | OVERBOUGHT | The high Stochastics value suggests PRCT may be overbought. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for PRCT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.94 | NEGATIVE | The low ADX value for PRCT suggests a weak or negative 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)
62.91
-2.14 (-3.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-3.29%
1 Week8.47%
2 Weeks8.99%
1 Month14.78%
3 Month6.03%
6 Month-33.67%
12 Month-6.9%
2 Year77.96%
3 Year92.44%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.93
ATR(20)%4.62%
ATR Inc51.24%
Range Today2.81
ADR(20)2.82
ADR(20)%4.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.38
Mansfield-1.44
10 Day High66.85
10 Day Low54.72
20 Day High66.85
20 Day Low52.3
52 Week High103.81
52 Week Low47.04
CS1 End56.03
CR1 Start65.05
Volume & EV
DER(3)0.04%
DER(5)0.12%
Volume986.30K
Volume Incr26.7%
Vol(5)1.08M
Vol(50)1.04M