PACIRA BIOSCIENCES INC (PCRX) Stock Technical Analysis
NASDAQ:PCRX • US6951271005
Overall PCRX gets a technical rating of 3 out of 10. In the past year, PCRX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, PCRX is a bad performer in the overall market: 74% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month PCRX has a been trading in the 19.66 - 23.60 range, which is quite wide. It is currently trading near the high of this range.
- PCRX is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, PCRX did better than 48% of them.
- PCRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PCRX is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
19.46
3 important support areas can be observed.
- A support zone ranging from 21.09 to 21.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.36 to 20.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.66 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @24.82 from a trend line in the daily time frame.
- A resistance zone ranging from 25.89 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 | 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 | 26.1 | NEGATIVE | PCRX has a low relative strength, it was outperformed by 73.9% 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) | 60.74 | NEUTRAL | The RSI value for PCRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests PCRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.25 | OVERBOUGHT | The high Stochastics value suggests PCRX may be overbought. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for PCRX suggests some volalility. |
| Average Directional Index/ADX (14) | 24 | NEUTRAL | The ADX value for PCRX suggests a possible start of a new trend. |
23.22
+0.04 (+0.17%)
PACIRA BIOSCIENCES INC / PCRX FAQ
What is the ChartMill technical rating of PACIRA BIOSCIENCES INC (PCRX) stock?
ChartMill assigns a technical rating of 3 / 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 60.7376. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PACIRA BIOSCIENCES INC?
PACIRA BIOSCIENCES INC (PCRX) has a support level at 21.29 and a resistance level at 24.82. Check the full technical report for our detailed analysis of PCRX support and resistance levels.