PBM Technical Analysis - PSYENCE BIOMEDICAL LTD

Technical Rating and Analysis

Overall PBM gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. PBM was also a bad performer in the overall market in the last year.

97% of all other stocks performed better in the past year than PBM.

PBM is one of the lesser performing stocks in the Biotechnology industry. 82% of 538 stocks in the same industry do better.

PBM 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 PBM has a been trading in the 2.48 - 5.54 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

PBM has an average volume of 2597960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PSYENCE BIOMEDICAL LTD / PBM Weekly stock chart

PSYENCE BIOMEDICAL LTD / PBM Daily stock chart

Setup Rating and Analysis

The technical rating of PBM 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.66

7.88

We found 1 important support area.

Support @2.69 from a trend line in the daily time frame.

We can see 2 important resistance areas.

Resistance @5.31 from a horizontal line in the daily time frame.
Resistance @7.80 from a trend line in the daily time frame.

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Technical Indicator Signal Analysis

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 PBM is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PBM is up.
ChartMill Relative Strength	3.3	NEGATIVE	PBM has a low relative strength, it was outperformed by 96.7% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PBM is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of PBM is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PBM is below a declining SMA(200).
Relative Strength Index/RSI (14)	61.46	NEUTRAL	The RSI value for PBM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.3	POSITIVE	The MACD value suggests PBM has a positive trend.
Stochastics (14,3)	82.93	OVERBOUGHT	The high Stochastics value suggests PBM may be overbought.
Average True Range in percent/ATR (20)	8.07	HIGH VOLATILITY	The high ATR as a percentage value for PBM suggests high volalility.
Average Directional Index/ADX (14)	19.72	NEGATIVE	The low ADX value for PBM suggests a weak or negative trend.