Taking everything into account, PBM scores 0 out of 10 in our technical rating. PBM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than PBM.
- PBM is part of the Biotechnology industry. There are 525 other stocks in this industry, of which 92% are performing better than PBM.
- PBM is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month PBM has a been trading in the 0.61 - 1.54 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.
- PBM has an average volume of 1682270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
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.
More info and screens
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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 | DOWN | NEGATIVE | The short term trend for PBM is down. |
| ChartMill Relative Strength | 0.4 | NEGATIVE | PBM has a low relative strength, it was outperformed by 99.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PBM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PBM is below 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) | 25.45 | OVERSOLD | The low RSI value suggests PBM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PBM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 22.35 | NEUTRAL | The Stochastics value for PBM is a neutral value. |
| Average True Range in percent/ATR (20) | 16.28 | HIGH VOLATILITY | The high ATR as a percentage value for PBM suggests high volalility. |
| Average Directional Index/ADX (14) | 47.02 | POSITIVE | The high ADX value value for PBM suggests a strong trend. |
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PSYENCE BIOMEDICAL LTD / PBM FAQ
Can you provide the ChartMill technical rating for PSYENCE BIOMEDICAL LTD?
ChartMill assigns a technical rating of 0 / 10 to PBM.
What is the trend direction for PBM stock?
The current trend direction for PSYENCE BIOMEDICAL LTD (PBM) is Bearish.
What is the RSI signal for PBM stock?
PSYENCE BIOMEDICAL LTD (PBM) has an RSI value of 25.4497. This indicates that the stock is currently oversold.
Can you provide the MACD signal for PSYENCE BIOMEDICAL LTD?
The MACD indicator for PSYENCE BIOMEDICAL LTD (PBM) has a value of 0.0374648, indicating a bearish trend.