Overall PCRX gets a technical rating of 6 out of 10. In the last year, PCRX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
PCRX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 23.99, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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20.80
3 important support areas can be observed.
- A support zone ranging from 23.27 to 23.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.14 from a trend line in the weekly time frame.
- A support zone ranging from 21.01 to 21.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @26.47 from a trend line in the weekly time frame.
- A resistance zone ranging from 27.12 to 27.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for PCRX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PCRX is up. |
| ChartMill Relative Strength | 71.74 | POSITIVE | PCRX has a high relative strength, it outperformed 71.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PCRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PCRX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PCRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.32 | NEUTRAL | The RSI value for PCRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests PCRX has a positive trend. |
| Stochastics (14,3) | 59.26 | NEUTRAL | The Stochastics value for PCRX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for PCRX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.73 | NEGATIVE | The low ADX value for PCRX suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.96 | 23.26 | 1.70 (6.81%) | 14.68% |
| An entry @24.96. This is a Buy Stop order right above the 10 day high. | An exit @23.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.70 points, which is 6.81%. | When investing 14.68% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
24.07
+0.37 (+1.56%)
PACIRA BIOSCIENCES INC / PCRX FAQ
What is the ChartMill technical rating of PACIRA BIOSCIENCES INC (PCRX) stock?
ChartMill assigns a technical rating of 6 / 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 57.3213. This indicates that the stock is currently neutral.
What is the short term momentum for PACIRA BIOSCIENCES INC (PCRX) stock?
The short term momentum for PACIRA BIOSCIENCES INC (PCRX) is positive.
What are the support and resistance levels for PACIRA BIOSCIENCES INC (PCRX) stock?
PACIRA BIOSCIENCES INC (PCRX) has a support level at 23.99 and a resistance level at 26.47. Check the full technical report for our detailed analysis of PCRX support and resistance levels.