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May 09, 2023

PCT Stock Jumps 16.19% and Emerges as Top Gainer This Month

PureCycle Technologies (PCT) emerged as one of the leading gainers in the Industrial Machinery Industry for the month, with a notable rise of +16.19% to reach $7.25 per share. This was revealed in a recent analysis by A.I.dvisor, which examined 342 stocks in the sector for the month ending May 5, 2023. The study found that 263 stocks (76.92%) exhibited an Uptrend while 79 stocks (23.08%) were on a Downtrend.

In an encouraging development for PCT, the 10-day moving average for the stock crossed above the 50-day moving average on May 04, 2023. This bullish crossover is a potential buy signal and suggests that the trend has turned upwards. A.I.dvisor's analysis reveals that in eight out of nine past instances when the 10-day crossed above the 50-day, PCT continued to move higher over the following month. Based on this historical trend, the odds of a continued upward trend for PCT are currently estimated to be 89%.

Additionally, A.I.dvisor's data indicates that over the last year, PCT has shown a moderate correlation with BLDP. These two tickers moved together in tandem about 45% of the time, suggesting that there could be some statistical probability that if PCT sees price increases, BLDP could also experience a similar rise. This latest analysis by A.I.dvisor offers valuable insights for investors looking to make informed decisions about their investment strategies.

Related Ticker: PCT

Aroon Indicator for PCT shows an upward move is likely

PCT's Aroon Indicator triggered a bullish signal on March 04, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 130 similar instances where the Aroon Indicator showed a similar pattern. In of the 130 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

PCT moved above its 50-day moving average on January 29, 2024 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for PCT crossed bullishly above the 50-day moving average on February 05, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PCT advanced for three days, in of 189 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for PCT moved out of overbought territory on February 22, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 23 similar instances where the indicator moved out of overbought territory. In of the 23 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PCT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PCT broke above its upper Bollinger Band on February 15, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.244) is normal, around the industry mean (4.844). P/E Ratio (0.000) is within average values for comparable stocks, (47.038). PCT's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.186). Dividend Yield (0.000) settles around the average of (0.022) among similar stocks. P/S Ratio (0.000) is also within normal values, averaging (11.168).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PCT’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PCT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock worse than average.

Notable companies

The most notable companies in this group are General Electric Company (NYSE:GE), Illinois Tool Works (NYSE:ITW), Ingersoll Rand (NYSE:IR), Generac Holdings (NYSE:GNRC).

Industry description

The industry makes and maintains machines for consumers, the industry, and most other companies. While it has traditionally been categorized as heavy industry, some smaller companies are also branching into the light category. The industry is pivotal in providing the equipment for production in businesses like agriculture, mining, industry and construction, gas, electricity and water utilities. It also supplies supporting equipment for almost all sectors of the economy, such as equipment for heating, and air conditioning of buildings. Illinois Tool Works Inc., Parker-Hannifin Corporation and Rockwell Automation Inc are some of the major U.S. companies operating in this industry.

Market Cap

The average market capitalization across the Industrial Machinery Industry is 8.58B. The market cap for tickers in the group ranges from 1.55K to 172.66B. GE holds the highest valuation in this group at 172.66B. The lowest valued company is XEBEF at 1.55K.

High and low price notable news

The average weekly price growth across all stocks in the Industrial Machinery Industry was 1%. For the same Industry, the average monthly price growth was 3%, and the average quarterly price growth was 2%. SMR experienced the highest price growth at 43%, while XMTR experienced the biggest fall at -44%.

Volume

The average weekly volume growth across all stocks in the Industrial Machinery Industry was 26%. For the same stocks of the Industry, the average monthly volume growth was 24% and the average quarterly volume growth was 41%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 63
Price Growth Rating: 49
SMR Rating: 65
Profit Risk Rating: 71
Seasonality Score: -4 (-100 ... +100)
View a ticker or compare two or three
PCTDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Industry IndustrialMachinery

Profile
Fundamentals
Details
Industry
N/A
Address
5950 Hazeltine National Drive
Phone
+1 877 648-3565
Employees
177
Web
https://www.purecycle.com
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PCT and

Correlation & Price change

A.I.dvisor indicates that over the last year, PCT has been loosely correlated with PCTTU. These tickers have moved in lockstep 37% of the time. This A.I.-generated data suggests there is some statistical probability that if PCT jumps, then PCTTU could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PCT
1D Price
Change %
PCT100%
-0.49%
PCTTU - PCT
37%
Loosely correlated
N/A
SMR - PCT
33%
Loosely correlated
+13.04%
PSN - PCT
32%
Poorly correlated
+2.50%
HLMN - PCT
31%
Poorly correlated
-0.42%
BLDP - PCT
30%
Poorly correlated
-0.47%
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