PASSAGE BIO INC (PASG) Stock Technical Analysis
NASDAQ:PASG - Nasdaq - US7027121000 - Common Stock - Currency: USD
Overall PASG gets a technical rating of 0 out of 10. PASG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
94% of all other stocks performed better in the past year than PASG.
PASG is part of the Biotechnology industry. There are 555 other stocks in this industry, of which 67% are performing better than PASG.
PASG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month PASG has a been trading in the 0.32 - 0.52 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of PASG is bad and it also does not present a 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
0.32
0.51
When analyzing the support we notice one important area.
- Support @0.32 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @0.44 from a trend line in the daily time frame.
- Resistance @0.48 from a trend line in the daily time frame.
- Resistance @0.50 from a horizontal 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 PASG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PASG is down. |
| ChartMill Relative Strength | 6.86 | NEGATIVE | PASG has a low relative strength, it was outperformed by 93.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PASG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PASG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PASG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.16 | NEUTRAL | The RSI value for PASG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PASG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 5.94 | OVERSOLD | The low Stochastics value suggests PASG may be oversold. |
| Average True Range in percent/ATR (20) | 12.93 | HIGH VOLATILITY | The high ATR as a percentage value for PASG suggests high volalility. |
| Average Directional Index/ADX (14) | 21.79 | NEUTRAL | The ADX value for PASG suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.3311
+0 (+0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.33%
1 Week-15.32%
2 Weeks-23%
1 Month-26.7%
3 Month-13.1%
6 Month-49.6%
12 Month-58.31%
2 Year-64.83%
3 Year-85.97%
5 Year-98.79%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%12.93%
ATR Inc-29.67%
Range Today0.03
ADR(20)0.04
ADR(20)%12.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.86
Mansfield-4.82
10 Day High0.44
10 Day Low0.32
20 Day High0.52
20 Day Low0.32
52 Week High1.33
52 Week Low0.26
CS1 End0.32
CR1 Start0.44
Volume & EV
DER(3)-20%
DER(5)-16.77%
Volume447.50K
Volume Incr75.74%
Vol(5)568.92K
Vol(50)306.35K