PRCT Technical Analysis - PROCEPT BIOROBOTICS CORP

Technical Rating and Analysis

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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

97% of all other stocks performed better in the past year than PRCT.

PRCT is part of the Health Care Equipment & Supplies industry. There are 190 other stocks in this industry, of which 77% are performing better than PRCT.

PRCT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month PRCT has a been trading in the 35.53 - 42.43 range, which is quite wide. It is currently trading near the lows of this range.

PRCT has an average volume of 1225970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PROCEPT BIOROBOTICS CORP / PRCT Weekly stock chart

PROCEPT BIOROBOTICS CORP / PRCT Daily stock chart

Setup Rating and Analysis

PRCT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 37.01, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

36.64

51.07

We found 1 important support area.

A support zone ranging from 37.01 to 37.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 37.40 to 38.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @41.60 from a horizontal line in the daily time frame.
Resistance @50.56 from a trend line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	3.56	NEGATIVE	PRCT has a low relative strength, it was outperformed by 96.44% 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)	40.51	NEUTRAL	The RSI value for PRCT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.3	POSITIVE	The MACD value suggests PRCT has a positive trend, although the MACD value is declining.
Stochastics (14,3)	31.41	NEUTRAL	The Stochastics value for PRCT is a neutral value.
Average True Range in percent/ATR (20)	5.11	HIGH VOLATILITY	The high ATR as a percentage value for PRCT suggests high volalility.
Average Directional Index/ADX (14)	21.08	NEUTRAL	The ADX value for PRCT suggests a possible start of a new trend.