PROKIDNEY CORP (PROK) Stock Technical Analysis
USA - NASDAQ:PROK - US74291D1046 - Common Stock
2.68 USD
-0.03 (-1.11%)
2.69 USD
+0.01 (+0.37%)
Overall PROK gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PROK is showing a nice and steady performance.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
PROK is one of the better performing stocks in the Biotechnology industry, it outperforms 96% of 538 stocks in the same industry.
PROK has an average volume of 4375190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PROK did better than 97% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
PROK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PROK is lagging the market.
In the last month PROK has a been trading in the 2.12 - 3.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, PROK also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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.
More info and screens
2.65
3.02
3 important resistance areas can be observed.
- A resistance zone ranging from 2.68 to 2.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.92 from a trend line in the daily time frame.
- Resistance @2.99 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 | UP | POSITIVE | The long term trend for PROK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PROK is up. |
| ChartMill Relative Strength | 97.74 | POSITIVE | PROK has a high relative strength, it outperformed 97.74% 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) | DOWN | NEGATIVE | The current price of PROK is below a declining 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) | 54.71 | NEUTRAL | The RSI value for PROK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PROK has a positive trend. |
| Stochastics (14,3) | 55.91 | NEUTRAL | The Stochastics value for PROK is a neutral value. |
| Average True Range in percent/ATR (20) | 7.93 | HIGH VOLATILITY | The high ATR as a percentage value for PROK suggests high volalility. |
| Average Directional Index/ADX (14) | 23.81 | NEUTRAL | The ADX value for PROK suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 2.74 | 2.11 | 0.63 (22.99%) | 4.35% |
| An entry @2.74. This is a Buy Stop order right above the resistance zone. | An exit @2.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.63 points, which is 22.99%. | When investing 4.35% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
2.68
-0.03 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.11%
1 Week8.06%
2 Weeks19.11%
1 Month15.52%
3 Month306%
6 Month179.11%
12 Month8.94%
2 Year-41.48%
3 Year-70.26%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%7.93%
ATR Inc-28.48%
Range Today0.14
ADR(20)0.21
ADR(20)%7.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.74
Mansfield4.92
10 Day High3.05
10 Day Low2.12
20 Day High3.05
20 Day Low2.12
52 Week High7.13
52 Week Low0.46
CS1 EndN/A
CR1 Start2.68
Volume & EV
DER(3)2.56%
DER(5)3.91%
Volume1.93M
Volume Incr-31.94%
Vol(5)1.61M
Vol(50)4.38M