PROKIDNEY CORP (PROK) Technical Analysis
NASDAQ:PROK • US74291D1046
Current stock price
PROK Technical Rating and Analysis
Overall PROK gets a technical rating of 6 out of 10. In the past year, PROK was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- PROK is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PROK is lagging the market.
- PROK is part of the Biotechnology industry. There are 519 other stocks in this industry. PROK outperforms 82% of them.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the yearly performance of all stocks, we notice that PROK is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month PROK has a been trading in the 1.94 - 2.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PROK Weekly and Daily overview Charts
PROK Setup Rating and Analysis
PROK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.25, a Stop Loss order could be placed below this zone.
More info and screens
PROK Support and Resistance Analysis
1.90
3 important support areas can be observed.
- A support zone ranging from 2.22 to 2.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.07 from a trend line in the weekly time frame.
- Support @1.92 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @2.31 from a horizontal line in the weekly time frame.
- Resistance @2.43 from a trend line in the daily time frame.
- Resistance @2.49 from a horizontal line in the daily time frame.
- Resistance @3.29 from a horizontal line in the daily time frame.
PROK 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 | NEUTRAL | NEUTRAL | The long term trend for PROK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PROK is neutral. |
| ChartMill Relative Strength | 94.69 | POSITIVE | PROK has a high relative strength, it outperformed 94.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PROK is above the rising 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 | MIXED | The current price of PROK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.31 | NEUTRAL | The RSI value for PROK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PROK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.3 | NEUTRAL | The Stochastics value for PROK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.13 | HIGH VOLATILITY | The high ATR as a percentage value for PROK suggests high volalility. |
| Average Directional Index/ADX (14) | 28.35 | POSITIVE | The high ADX value value for PROK suggests a strong trend. |
PROK Chart- and CandleStick Pattern Analysis
PROK Example Setup
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 |
|---|---|---|---|
| 2.32 | 2.21 | 0.11 (4.74%) | 21.09% |
| An entry @2.32. This is a Buy Stop order right above the resistance zone. | An exit @2.21. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.11 points, which is 4.74%. | When investing 21.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
PROK Technicals: Chart, Performance Metrics, Trend & Indicators
2.25
+0.01 (+0.45%)
PROKIDNEY CORP / PROK TA FAQ
What is the ChartMill technical rating of PROKIDNEY CORP (PROK) stock?
ChartMill assigns a technical rating of 6 / 10 to PROK.
What is the current trend direction of PROKIDNEY CORP (PROK) stock?
The current trend direction for PROKIDNEY CORP (PROK) is Bearish.
What is the RSI signal for PROK stock?
PROKIDNEY CORP (PROK) has an RSI value of 50.3104. This indicates that the stock is currently neutral.
What is the MACD signal for PROKIDNEY CORP (PROK) stock?
The MACD indicator for PROKIDNEY CORP (PROK) has a value of 0.00341478, indicating a bearish trend.