Porch Group is a Hidden Gem in Home Services & Insurance 🚀 Porch Group is a Hidden Gem in Home Services & Insurance
If you’ve ever bought a house, you know the stress: inspections, moving, utilities, repairs, insurance…
Porch Group wants to simplify ALL of that.
What makes Porch special?
🖥️ Software for inspectors, movers & contractors
🛡️ Homeowners insurance through its own exchange (PIRE)
📊 Unique data on homes & owners → huge cross-selling power
📈 Strong revenue growth + improving margins
-> Secret fact : Porch often knows when a house is being sold before anyone else thanks to its inspector network! That early info is a massive edge.
How to trade NASDAQ:PRCH ?
After a strong rally, PRCH has pulled back to a key support zone .
Pullbacks like this often mean a healthy reset and worked great in PRCH before. There is a good chance to go long if support holds, so you can use tight stops to go long.
Risking around 6-7% to earn 20 or 25% sounds very good to me.
👉 Big market, unique model, and fresh momentum.
Definitely one to keep on your radar.
PRCH trade ideas
PRCH Waiting for a Double Bottom Before EnteringSimilar setup to ENVB without the recent buying volume. Recent volume is declining and most recent low had the second lowest volume in 15 months. Monthly candle didn’t make a new high so perfect opportunity to retrace to the previous candle before pumping when it finds buyers.
$PRCH 5/7 EMA signal w/ 30 SMA trend ABOVE THE WHITE ZONE (Above 30 SMA):
- Trust 5/7EMA buy signals
- Ignore sell signals above 20 SMA
- Watch closely if 20 SMA crossed (yellow warning zone line)
- Get halfway out if breaks below 30 SMA
- Get fully out if breaks below 35 SMA
IN THE WHITE ZONE (Below 30 SMA)
- Trust 5/7EMA sell signals
- Ignore buy signal below 20 SMA
- Watch closely when 20 SMA crossed (yellow warning zone line)
- Get halfway in if breaks above 30 SMA
- Get fully in if breaks above 35 SMA
$PRCH is keeping to the script nicely!Repeatedly bouncing off of support, 50-Day EMA acting as a nice boost, steadily increasing volume since start of year, MACD swinging up from bottom, Stoch RSI bottoming out...really strong fundamentals...
Get in while you can! ...Or wait for the next identical bounce.