EUPRAXIA PHARMACEUTICALS INC (EPRX) Technical Analysis
NASDAQ:EPRX • CA29842P1053
Taking everything into account, EPRX scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month EPRX has a been trading in the 7.17 - 8.79 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Looking at the yearly performance, EPRX did better than 92% of all other stocks. We also observe that the gains produced by EPRX over the past year are nicely spread over this period.
- EPRX is one of the better performing stocks in the Biotechnology industry, it outperforms 77% of 519 stocks in the same industry.
- EPRX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EPRX is performing more or less in line with the market.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
EPRX has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.63
4 important support areas can be observed.
- A support zone ranging from 7.35 to 7.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.92 from a trend line in the weekly time frame.
- Support @6.72 from a trend line in the daily time frame.
- Support @5.69 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.79 to 7.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 8.25 to 8.31. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for EPRX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EPRX is down. |
| ChartMill Relative Strength | 92.14 | POSITIVE | EPRX has a high relative strength, it outperformed 92.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EPRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EPRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EPRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.82 | NEUTRAL | The RSI value for EPRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests EPRX has a negative trend. |
| Stochastics (14,3) | 8.67 | OVERSOLD | The low Stochastics value suggests EPRX may be oversold. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for EPRX suggests high volalility. |
| Average Directional Index/ADX (14) | 13.88 | NEGATIVE | The low ADX value for EPRX suggests a weak or negative trend. |
EPRX Technicals: Chart, Performance Metrics, Trend & Indicators
7.36
-0.14 (-1.87%)
EUPRAXIA PHARMACEUTICALS INC / EPRX FAQ
Can you provide the ChartMill technical rating for EUPRAXIA PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 6 / 10 to EPRX.
What is the trend direction for EPRX stock?
The current trend direction for EUPRAXIA PHARMACEUTICALS INC (EPRX) is Bullish.
Can you provide the RSI signal for EUPRAXIA PHARMACEUTICALS INC?
EUPRAXIA PHARMACEUTICALS INC (EPRX) has an RSI value of 36.8179. This indicates that the stock is currently neutral.
What is the MACD signal for EUPRAXIA PHARMACEUTICALS INC (EPRX) stock?
The MACD indicator for EUPRAXIA PHARMACEUTICALS INC (EPRX) has a value of -0.0867382, indicating a bearish trend.
What is the support and resistance level for EPRX stock?
EUPRAXIA PHARMACEUTICALS INC (EPRX) has a support level at 7.35 and a resistance level at 7.79. Check the full technical report for our detailed analysis of EPRX support and resistance levels.