PROKIDNEY CORP (PROK) Stock Technical Analysis
USA - NASDAQ:PROK - US74291D1046 - Common Stock
Overall PROK gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, PROK also presents a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for PROK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2.66
When analyzing the support we notice one important area.
- A support zone ranging from 2.69 to 2.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.96 to 2.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @3.21 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.29 to 3.31. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for PROK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PROK is neutral. |
| ChartMill Relative Strength | 87.78 | POSITIVE | PROK has a high relative strength, it outperformed 87.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PROK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PROK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PROK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.11 | NEUTRAL | The RSI value for PROK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PROK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.12 | OVERSOLD | The low Stochastics value suggests PROK may be oversold. |
| Average True Range in percent/ATR (20) | 8.34 | HIGH VOLATILITY | The high ATR as a percentage value for PROK suggests high volalility. |
| Average Directional Index/ADX (14) | 18.58 | NEGATIVE | The low ADX value for PROK suggests a weak or negative 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 |
|---|---|---|---|
| 2.97 | 2.68 | 0.29 (9.76%) | 10.24% |
| An entry @2.97. This is a Buy Stop order right above the resistance zone. | An exit @2.68. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.29 points, which is 9.76%. | For a 1.00% total portfolio risk, you can invest 10.24% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PROK. Please evaluate whether better entry and exit points can be found.
- 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.
2.89
+0.08 (+2.85%)
PROKIDNEY CORP / PROK FAQ
What is the ChartMill technical rating of PROKIDNEY CORP (PROK) stock?
ChartMill assigns a technical rating of 7 / 10 to PROK.
Can you provide the trend direction for PROKIDNEY CORP?
The current trend direction for PROKIDNEY CORP (PROK) is Bullish.
What is the RSI signal for PROK stock?
PROKIDNEY CORP (PROK) has an RSI value of 48.1058. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PROKIDNEY CORP?
PROKIDNEY CORP (PROK) has a support level at 2.73 and a resistance level at 2.96. Check the full technical report for our detailed analysis of PROK support and resistance levels.