PROCESSA PHARMACEUTICALS INC (PCSA) Technical Analysis
NASDAQ:PCSA • US74275C4033
Current stock price
PCSA Technical Rating and Analysis
Overall PCSA gets a technical rating of 0 out of 10. PCSA 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 92% of all other stocks performed better in the past year than PCSA.
- PCSA is one of the lesser performing stocks in the Pharmaceuticals industry. 71% of 192 stocks in the same industry do better.
- PCSA is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so PCSA is lagging the market.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- In the last month PCSA has a been trading in the 2.08 - 3.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PCSA Weekly and Daily overview Charts
PCSA Setup Rating and Analysis
PCSA has a poor technical rating and the quality of the setup is also not perfect 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
PCSA Support and Resistance Analysis
2.30
We found 1 important support area.
- Support @2.32 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 2.96 to 3.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.17 from a horizontal line in the daily time frame.
PCSA Technical Indicator Signal Analysis
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 PCSA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PCSA is neutral. |
| ChartMill Relative Strength | 8.18 | NEGATIVE | PCSA has a low relative strength, it was outperformed by 91.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PCSA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PCSA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PCSA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.29 | NEUTRAL | The RSI value for PCSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PCSA has a positive trend. |
| Stochastics (14,3) | 45.3 | NEUTRAL | The Stochastics value for PCSA is a neutral value. |
| Average True Range in percent/ATR (20) | 12.13 | HIGH VOLATILITY | The high ATR as a percentage value for PCSA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.14 | NEGATIVE | The low ADX value for PCSA suggests a weak or negative trend. |
PCSA Chart- and CandleStick Pattern Analysis
PCSA Technicals: Chart, Performance Metrics, Trend & Indicators
2.77
+0.17 (+6.42%)
PROCESSA PHARMACEUTICALS INC / PCSA TA FAQ
What is the technical rating for PCSA stock?
ChartMill assigns a technical rating of 0 / 10 to PCSA.
What is the current trend direction of PROCESSA PHARMACEUTICALS INC (PCSA) stock?
The current trend direction for PROCESSA PHARMACEUTICALS INC (PCSA) is Bearish.
What is the RSI signal for PCSA stock?
PROCESSA PHARMACEUTICALS INC (PCSA) has an RSI value of 54.2887. This indicates that the stock is currently neutral.
What is the support and resistance level for PCSA stock?
PROCESSA PHARMACEUTICALS INC (PCSA) has a support level at 2.32 and a resistance level at 2.96. Check the full technical report for our detailed analysis of PCSA support and resistance levels.