Pros Holding Inc (PRO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PRO - US74346Y1038 - Common Stock
Taking everything into account, PRO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PRO is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- PRO is part of the Software industry. There are 278 other stocks in this industry. PRO outperforms 91% of them.
- PRO has an average volume of 1422730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, PRO did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- PRO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRO is lagging the market.
- In the last month PRO has a been trading in a tight range between 23.05 and 23.26.
- Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, PRO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.21, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.98
We found 2 important support areas.
- A support zone ranging from 22.93 to 23.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.13 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.26 to 23.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for PRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRO is up. |
| ChartMill Relative Strength | 88.25 | POSITIVE | PRO has a high relative strength, it outperformed 88.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PRO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 74.75 | OVERBOUGHT | The high RSI value suggests PRO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PRO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.9 | OVERBOUGHT | The high Stochastics value suggests PRO may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for PRO suggests low volalility. |
| Average Directional Index/ADX (14) | 60.09 | POSITIVE | The high ADX value value for PRO suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.27 | 23.08 | 0.19 (0.82%) | 25.00% |
| An entry @23.27. This is a Buy Stop order right above the resistance zone. | An exit @23.08. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.19 points, which is 0.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.20%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
23.25
+0.01 (+0.04%)
Pros Holding Inc / PRO FAQ
Can you provide the ChartMill technical rating for Pros Holding Inc?
ChartMill assigns a technical rating of 9 / 10 to PRO.
What is the current trend direction of Pros Holding Inc (PRO) stock?
The current trend direction for Pros Holding Inc (PRO) is Bullish.
What is the RSI signal for Pros Holding Inc (PRO) stock?
Pros Holding Inc (PRO) has an RSI value of 74.7483. This indicates that the stock is currently overbought.
Can you provide the short term momentum for Pros Holding Inc?
The short term momentum for Pros Holding Inc (PRO) is positive.
Can you provide the support and resistance levels for Pros Holding Inc?
Pros Holding Inc (PRO) has a support level at 23.21 and a resistance level at 23.26. Check the full technical report for our detailed analysis of PRO support and resistance levels.