We assign a technical rating of 1 out of 10 to PRCH. PRCH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, PRCH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 8.97, a Stop Loss order could be placed below this zone.
More info and screens
8.77
We found 1 important support area.
- A support zone ranging from 8.86 to 8.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @9.93 from a horizontal line in the weekly time frame.
- Resistance @12.94 from a trend 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 | DOWN | NEGATIVE | The long term trend for PRCH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRCH is down. |
| ChartMill Relative Strength | 69.56 | NEUTRAL | PRCH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRCH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRCH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PRCH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.07 | NEUTRAL | The RSI value for PRCH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PRCH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 9.97 | OVERSOLD | The low Stochastics value suggests PRCH may be oversold. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for PRCH suggests high volalility. |
| Average Directional Index/ADX (14) | 28.11 | POSITIVE | The high ADX value value for PRCH suggests a strong trend. |
9.04
-0.02 (-0.22%)
PORCH GROUP INC / PRCH FAQ
What is the ChartMill technical rating of PORCH GROUP INC (PRCH) stock?
ChartMill assigns a technical rating of 1 / 10 to PRCH.
What is the trend direction for PRCH stock?
The current trend direction for PORCH GROUP INC (PRCH) is Bearish.
What is the RSI signal for PORCH GROUP INC (PRCH) stock?
PORCH GROUP INC (PRCH) has an RSI value of 36.0732. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PORCH GROUP INC?
The short term momentum for PORCH GROUP INC (PRCH) is negative.
Can you provide the support and resistance levels for PORCH GROUP INC?
PORCH GROUP INC (PRCH) has a support level at 8.97 and a resistance level at 9.93. Check the full technical report for our detailed analysis of PRCH support and resistance levels.