RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PCT
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Green day on Thursday for PureCycle Technologies, Inc. stock after gaining 2.81%
(Updated on Mar 28, 2024)

Buy candidate since Mar 12, 2024 Gain 25.91% PDF

The PureCycle Technologies, Inc. stock price gained 2.81% on the last trading day (Thursday, 28th Mar 2024), rising from $6.05 to $6.22. During the last trading day the stock fluctuated 7.57% from a day low at $5.95 to a day high of $6.40. The price has risen in 6 of the last 10 days and is up by 19.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 773 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $16.54 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 109.96% during the next 3 months and, with a 90% probability hold a price between $11.19 and $13.77 at the end of this 3-month period.

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PCT Signals & Forecast

The PureCycle Technologies, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.09 and $5.51. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for PureCycle Technologies, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $5.65 and $5.10. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PureCycle Technologies, Inc. finds support just below today's level at $5.65. If this is broken, then the next support from accumulated volume will be at $5.10 and $5.01.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.450 between high and low, or 7.57%. For the last week, the stock has had daily average volatility of 5.69%.

Our recommended stop-loss: $5.99 (-3.62%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (PCT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect PureCycle Technologies, Inc. to open at $6.19, and during the day (based on 14 day Average True Range), to move between $5.76 and $6.68, which gives a possible trading interval of +/-$0.456 (+/-7.34%) up or down from last closing price. If PureCycle Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 14.67% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $5.65, some $0.570 (9.16%) from the current price of $6.22, our system finds the risk reward attractive.

Is PureCycle Technologies, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PureCycle Technologies, Inc. stock to perform well in the short-term.

Current score: 4.294 Buy Candidate Unchanged

Predicted Opening Price for PureCycle Technologies, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$6.19 ( 0.536%) $6.22

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PCT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.64 6.70 %
R2 6.46 3.94 %
R1 6.36 2.23 %
Current price: 6.22
Support S1 6.01 -3.30 %
S2 5.91 -5.01 %
S3 5.74 -7.77 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 6.22
Support S1 5.65 -9.16%
S2 5.10 -18.01%
S3 5.01 -19.45%

FAQ

What is the symbol for PureCycle Technologies, Inc. Stock and on which exchange is it traded?
The symbol for PureCycle Technologies, Inc. is PCT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell PureCycle Technologies, Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for PureCycle Technologies, Inc. stock to perform well in the short-term.

How to buy PureCycle Technologies, Inc. Stock?
PureCycle Technologies, Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PureCycle Technologies, Inc. Stock.

What's the current price of PureCycle Technologies, Inc. Stock?
As of the end of day on the 2024-03-28, the price of an PureCycle Technologies, Inc. (PCT) share was $6.22.

What is the 52-week high and low for PureCycle Technologies, Inc. Stock?
The 52-week high for PureCycle Technologies, Inc. Stock is $11.89 and the 52-week low is $2.39.

What is the market capitalization of PureCycle Technologies, Inc. Stock?
As of the 2024-03-28, the market capitalization of PureCycle Technologies, Inc. is 956.43M.

When is the next earnings date for PureCycle Technologies, Inc.?
The upcoming earnings date for PureCycle Technologies, Inc. is May 14, 2024.
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About PureCycle Technologies, Inc.

PureCycle Technologies. PureCycle Technologies, Inc. produces recycled polypropylene (PP). The company holds a license for restoring waste PP into ultra-pure recycled resin. Its recycling process separates color, odor, and other contaminants from plastic waste feedstock to transform it into virgin-like resin. The company was founded in 2015 and is headquartered in Orlando, Florida.... PCT Profile

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