Prosight Global Inc (PROS) Technical Analysis
NYSE:PROS
Current stock price
PROS Technical Rating and Analysis
Overall PROS gets a technical rating of 7 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, PROS is showing a nice and steady performance.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that PROS is one of the better performing stocks in the market, outperforming 75% of all stocks.
- PROS is part of the Insurance industry. There are 147 other stocks in this industry. PROS outperforms 87% of them.
- PROS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PROS is lagging the market slightly.
- In the last month PROS has a been trading in a tight range between 12.72 and 12.93.
- Volume is considerably higher in the last couple of days.
PROS Weekly and Daily overview Charts
PROS Setup Rating and Analysis
PROS has an excellent technical rating and also presents 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 12.82, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
PROS Support and Resistance Analysis
12.32
2 important support areas can be observed.
- A support zone ranging from 12.72 to 12.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.44 to 12.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @13.25 from a horizontal line in the weekly time frame.
PROS 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 | UP | POSITIVE | The long term trend for PROS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PROS is neutral. |
| ChartMill Relative Strength | 75.01 | POSITIVE | PROS has a high relative strength, it outperformed 75.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PROS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PROS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PROS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.28 | NEUTRAL | The RSI value for PROS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PROS has a positive trend. |
| Stochastics (14,3) | 63.71 | NEUTRAL | The Stochastics value for PROS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.47 | LOW VOLATILITY | The low ATR as a percentage value for PROS suggests low volalility. |
PROS Chart- and CandleStick Pattern Analysis
PROS 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 |
|---|---|---|---|
| 12.94 | 12.74 | 0.20 (1.55%) | 25.00% |
| An entry @12.94. This is a Buy Stop order right above the 10 day high. | An exit @12.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.20 points, which is 1.55%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.39%. |
- 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.
PROS Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:PROS (8/3/2021, 8:13:20 PM)
12.85
0 (0%)
Prosight Global Inc / PROS TA FAQ
What is the technical rating for PROS stock?
ChartMill assigns a technical rating of 7 / 10 to PROS.
Can you provide the trend direction for Prosight Global Inc?
The current trend direction for Prosight Global Inc (PROS) is Bullish.
What is the RSI signal for Prosight Global Inc (PROS) stock?
Prosight Global Inc (PROS) has an RSI value of 61.2799. This indicates that the stock is currently neutral.
What are the support and resistance levels for Prosight Global Inc (PROS) stock?
Prosight Global Inc (PROS) has a support level at 12.82 and a resistance level at 13.25. Check the full technical report for our detailed analysis of PROS support and resistance levels.