PACIRA BIOSCIENCES INC (PCRX) Stock Technical Analysis
USA - NASDAQ:PCRX - US6951271005 - Common Stock
We assign a technical rating of 1 out of 10 to PCRX. PCRX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of PCRX 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
20.88
We found 1 important support area.
- A support zone ranging from 21.09 to 21.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 22.17 to 22.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 22.87 to 23.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.55 from a trend line in the weekly time frame.
- Resistance @27.25 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 PCRX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PCRX is down. |
| ChartMill Relative Strength | 66.7 | NEUTRAL | PCRX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PCRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PCRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PCRX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.8 | OVERSOLD | The low RSI value suggests PCRX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests PCRX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.79 | NEUTRAL | The Stochastics value for PCRX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for PCRX suggests some volalility. |
| Average Directional Index/ADX (14) | 44.52 | POSITIVE | The high ADX value value for PCRX suggests a strong trend. |
21.33
-0.41 (-1.89%)
PACIRA BIOSCIENCES INC / PCRX FAQ
What is the ChartMill technical rating of PACIRA BIOSCIENCES INC (PCRX) stock?
ChartMill assigns a technical rating of 1 / 10 to PCRX.
What is the current trend direction of PACIRA BIOSCIENCES INC (PCRX) stock?
The current trend direction for PACIRA BIOSCIENCES INC (PCRX) is Bearish.
What is the RSI signal for PACIRA BIOSCIENCES INC (PCRX) stock?
PACIRA BIOSCIENCES INC (PCRX) has an RSI value of 29.7961. This indicates that the stock is currently oversold.
What is the short term momentum for PACIRA BIOSCIENCES INC (PCRX) stock?
The short term momentum for PACIRA BIOSCIENCES INC (PCRX) is negative.
What are the support and resistance levels for PACIRA BIOSCIENCES INC (PCRX) stock?
PACIRA BIOSCIENCES INC (PCRX) has a support level at 21.32 and a resistance level at 22.17. Check the full technical report for our detailed analysis of PCRX support and resistance levels.