Taking everything into account, PCRX scores 0 out of 10 in our technical rating. PCRX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, PCRX is a bad performer in the overall market: 81% of all stocks are doing better.
- PCRX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- PCRX is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, PCRX did better than 43% of them.
- In the last month PCRX has a been trading in the 18.80 - 24.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PCRX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 21.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.46, a Stop Loss order could be placed below this zone.
More info and screens
18.97
When analyzing the support we notice one important area.
- A support zone ranging from 19.16 to 19.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 21.01 to 21.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.20 from a trend line in the daily time frame.
- A resistance zone ranging from 25.99 to 26.75. 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 | 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 | 19.8 | NEGATIVE | PCRX has a low relative strength, it was outperformed by 80.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PCRX is above 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) | DOWN | NEGATIVE | The current price of PCRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.65 | NEUTRAL | The RSI value for PCRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests PCRX has a positive trend. |
| Stochastics (14,3) | 61.45 | NEUTRAL | The Stochastics value for PCRX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.53 | HIGH VOLATILITY | The high ATR as a percentage value for PCRX suggests high volalility. |
| Average Directional Index/ADX (14) | 32.29 | POSITIVE | The high ADX value value for PCRX suggests a strong trend. |
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+0.64 (+3.14%)
PACIRA BIOSCIENCES INC / PCRX FAQ
What is the ChartMill technical rating of PACIRA BIOSCIENCES INC (PCRX) stock?
ChartMill assigns a technical rating of 0 / 10 to PCRX.
What is the trend direction for 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 44.6474. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PACIRA BIOSCIENCES INC?
The buy/sell signal for PACIRA BIOSCIENCES INC (PCRX) is sell as both the short term and long term trends are negative.
What is the support and resistance level for PCRX stock?
PACIRA BIOSCIENCES INC (PCRX) has a support level at 19.46 and a resistance level at 21.01. Check the full technical report for our detailed analysis of PCRX support and resistance levels.