PASSAGE BIO INC (PASG) Stock Technical Analysis
NASDAQ:PASG - Nasdaq - US7027121000 - Common Stock - Currency: USD
Taking everything into account, PASG scores 1 out of 10 in our technical rating. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, PASG is a bad performer in the overall market: 97% of all stocks are doing better.
PASG is part of the Biotechnology industry. There are 553 other stocks in this industry, of which 76% 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.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month PASG has a been trading in the 5.12 - 9.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PASG has a poor technical rating and the quality of the setup is also not perfect 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
5.28
12.68
When analyzing the support we notice one important area.
- Support @5.33 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 7.46 to 7.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.67 from a trend line in the daily time frame.
- Resistance @8.21 from a trend line in the daily time frame.
- Resistance @10.02 from a horizontal line in the daily time frame.
- Resistance @12.55 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for PASG is neutral. |
| ChartMill Relative Strength | 3.8 | NEGATIVE | PASG has a low relative strength, it was outperformed by 96.2% 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) | UP | MIXED | The current price of PASG is below the rising 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) | 46.18 | NEUTRAL | The RSI value for PASG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PASG has a positive trend. |
| Stochastics (14,3) | 47.67 | NEUTRAL | The Stochastics value for PASG is a neutral value. |
| Average True Range in percent/ATR (20) | 15.31 | HIGH VOLATILITY | The high ATR as a percentage value for PASG suggests high volalility. |
| Average Directional Index/ADX (14) | 20.93 | 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)
6.34
-0.71 (-10.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-10.07%
1 Week11.82%
2 Weeks6.47%
1 Month-20.81%
3 Month-19.75%
6 Month-45.72%
12 Month-65.91%
2 Year-64.02%
3 Year-83.05%
5 Year-97.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.94
ATR(20)%15.31%
ATR Inc-19.19%
Range Today0.83
ADR(20)0.89
ADR(20)%14.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.8
Mansfield-4.66
10 Day High7.7
10 Day Low5.12
20 Day High9.82
20 Day Low5.12
52 Week High26.6
52 Week Low5.12
CS1 End5.33
CR1 Start7.46
Volume & EV
DER(3)-7.46%
DER(5)-3.62%
Volume79.80K
Volume Incr-63.43%
Vol(5)185.76K
Vol(50)372.70K