PACIRA BIOSCIENCES INC (PCRX) Stock Technical Analysis
NASDAQ:PCRX - Nasdaq - US6951271005 - Common Stock - Currency: USD
Overall PCRX gets a technical rating of 0 out of 10. 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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, PCRX is a bad performer in the overall market: 76% of all stocks are doing better.
PCRX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
PCRX is an average performer in the Pharmaceuticals industry, it outperforms 47% of 194 stocks in the same industry.
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.
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 support zone below the current price at 21.72, a Stop Loss order could be placed below this zone.
More info and screens
21.37
27.52
We found 1 important support area.
- A support zone ranging from 21.59 to 21.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 21.83 to 22.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.74 to 25.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.33 from a horizontal line in the weekly time frame.
- Resistance @27.25 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 | 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 | 24.88 | NEGATIVE | PCRX has a low relative strength, it was outperformed by 75.12% 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) | DOWN | NEGATIVE | The current price of PCRX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PCRX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.95 | NEUTRAL | The RSI value for PCRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PCRX has a negative trend. |
| Stochastics (14,3) | 31.4 | NEUTRAL | The Stochastics value for PCRX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for PCRX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.74 | 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)
21.82
-0.43 (-1.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.93%
1 Week-2.11%
2 Weeks-7.89%
1 Month-8.74%
3 Month-15.16%
6 Month-11.01%
12 Month8.94%
2 Year-39.97%
3 Year-61.42%
5 Year-58.53%
10 Year-67.15%
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%3.7%
ATR Inc-4.99%
Range Today0.98
ADR(20)0.81
ADR(20)%3.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.88
Mansfield-0.41
10 Day High23.91
10 Day Low21.26
20 Day High24.36
20 Day Low21.26
52 Week High27.64
52 Week Low11.16
CS1 End21.72
CR1 Start21.83
Volume & EV
DER(3)0.45%
DER(5)-0.51%
Volume327.49K
Volume Incr5.64%
Vol(5)550.08K
Vol(50)613.46K