PSYENCE BIOMEDICAL LTD (PBM) Stock Technical Analysis
NASDAQ:PBM - Nasdaq - CA74449F2098 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to PBM. PBM'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.
99% of all other stocks performed better in the past year than PBM.
PBM is part of the Biotechnology industry. There are 561 other stocks in this industry, of which 88% are performing better than PBM.
PBM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so PBM is lagging the market.
In the last month PBM has a been trading in the 2.98 - 7.69 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days.
PBM 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
3.81
5.29
We found 3 important support areas.
- A support zone ranging from 4.33 to 4.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.01 from a trend line in the daily time frame.
- Support @3.85 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @4.77 from a trend line in the daily time frame.
- Resistance @5.24 from a trend 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 PBM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PBM is neutral. |
| ChartMill Relative Strength | 1.02 | NEGATIVE | PBM has a low relative strength, it was outperformed by 98.98% 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) | 48.8 | NEUTRAL | The RSI value for PBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests PBM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 26.57 | NEUTRAL | The Stochastics value for PBM is a neutral value. |
| Average True Range in percent/ATR (20) | 19.38 | HIGH VOLATILITY | The high ATR as a percentage value for PBM suggests high volalility. |
| Average Directional Index/ADX (14) | 24.19 | NEUTRAL | The ADX value for PBM 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)
4.39
-0.03 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.68%
1 Week-15.58%
2 Weeks16.45%
1 Month0.18%
3 Month-57.63%
6 Month-83.12%
12 Month-99.11%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.93
ATR(20)%19.38%
ATR Inc-56.44%
Range Today0.22
ADR(20)0.82
ADR(20)%18.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.02
Mansfield-9.57
10 Day High7.69
10 Day Low3.41
20 Day High7.69
20 Day Low2.98
52 Week High699.19
52 Week Low2.92
CS1 End4.38
CR1 Start4.77
Volume & EV
DER(3)6.72%
DER(5)3.88%
Volume26.60K
Volume Incr84.69%
Vol(5)308.38K
Vol(50)149.13K