PACIRA BIOSCIENCES INC (PCRX) Stock Technical Analysis
USA - NASDAQ:PCRX - US6951271005 - Common Stock
Overall PCRX gets a technical rating of 8 out of 10. PCRX was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
PCRX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 27.12. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.64, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
21.62
3 important support areas can be observed.
- A support zone ranging from 25.37 to 25.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.61 from a trend line in the weekly time frame.
- Support @21.84 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The long term trend for PCRX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PCRX is neutral. |
| ChartMill Relative Strength | 90.17 | POSITIVE | PCRX has a high relative strength, it outperformed 90.17% off all stocks 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) | UP | POSITIVE | The current price of PCRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PCRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.62 | NEUTRAL | The RSI value for PCRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests PCRX has a negative trend. |
| Stochastics (14,3) | 19.16 | OVERSOLD | The low Stochastics value suggests PCRX may be oversold. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for PCRX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.91 | 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 |
|---|---|---|---|
| 26.43 | 25.52 | 0.91 (3.46%) | 25.00% |
| An entry @26.43. This is a Buy Stop order right above the 10 day moving average. | An exit @25.52. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.91 points, which is 3.46%. | For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PCRX. Please evaluate whether better entry and exit points can be found.
- 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.
25.65
-0.4 (-1.54%)