Overall PCRX gets a technical rating of 4 out of 10. PCRX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, PCRX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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
20.80
3 important support areas can be observed.
- A support zone ranging from 23.08 to 23.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.98 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 4 important areas.
- A resistance zone ranging from 23.59 to 23.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.39 from a horizontal line in the daily time frame.
- Resistance @26.23 from a trend line in the weekly time frame.
- Resistance @27.14 from a horizontal line 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 | 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 | 79.38 | POSITIVE | PCRX has a high relative strength, it outperformed 79.38% 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) | 53.22 | NEUTRAL | The RSI value for PCRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests PCRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.93 | NEUTRAL | The Stochastics value for PCRX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for PCRX suggests high volalility. |
| Average Directional Index/ADX (14) | 19.98 | NEGATIVE | The low ADX value for PCRX suggests a weak or negative trend. |
23.57
-0.24 (-1.01%)
PACIRA BIOSCIENCES INC / PCRX FAQ
What is the ChartMill technical rating of PACIRA BIOSCIENCES INC (PCRX) stock?
ChartMill assigns a technical rating of 4 / 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 53.218. 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 23.49 and a resistance level at 23.59. Check the full technical report for our detailed analysis of PCRX support and resistance levels.