PACIRA BIOSCIENCES INC (PCRX) Stock Technical Analysis
NASDAQ:PCRX - US6951271005 - Common Stock
26.73 USD
-0.45 (-1.66%)
26.73 USD
0 (0%)
We assign a technical rating of 10 out of 10 to PCRX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PCRX is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that PCRX is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, PCRX also shows a nice and consistent pattern of rising prices.
PCRX is part of the Pharmaceuticals industry. There are 195 other stocks in this industry. PCRX outperforms 82% of them.
PCRX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PCRX has a been trading in the 22.38 - 27.64 range, which is quite wide. It is currently trading near the high of this range.
PCRX has an excellent technical rating, but the quality of the setup is only medium 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
21.51
27.52
We found 3 important support areas.
- A support zone ranging from 24.78 to 24.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.00 from a trend line in the weekly time frame.
- Support @21.73 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @26.74 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 27.25 to 27.25. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for PCRX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PCRX is up. |
| ChartMill Relative Strength | 91.09 | POSITIVE | PCRX has a high relative strength, it outperformed 91.09% 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) | 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) | 64.66 | NEUTRAL | The RSI value for PCRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests PCRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.1 | OVERBOUGHT | The high Stochastics value suggests PCRX may be overbought. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for PCRX suggests some volalility. |
| Average Directional Index/ADX (14) | 20.64 | NEUTRAL | The ADX value for PCRX suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
26.73
-0.45 (-1.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.66%
1 Week2.3%
2 Weeks6.96%
1 Month19.33%
3 Month2.93%
6 Month14.38%
12 Month93%
2 Year-12.87%
3 Year-49.75%
5 Year-55.54%
10 Year-34.96%
15 YearN/A
Volatility
ATR(14)0.81
ATR(20)%3.28%
ATR Inc13.45%
Range Today1.12
ADR(20)0.88
ADR(20)%3.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.09
Mansfield1.04
10 Day High27.64
10 Day Low24.69
20 Day High27.64
20 Day Low22.38
52 Week High27.64
52 Week Low12.61
CS1 End24.81
CR1 Start26.74
Volume & EV
DER(3)0.33%
DER(5)0.53%
Volume773.69K
Volume Incr-8.82%
Vol(5)746.07K
Vol(50)677.84K