PROCESSA PHARMACEUTICALS INC (PCSA) Stock Technical Analysis
USA - NASDAQ:PCSA - US74275C3043 - Common Stock
Taking everything into account, PCSA scores 4 out of 10 in our technical rating. In the last year, PCSA was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
PCSA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.31, a Stop Loss order could be placed below this zone.
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0.23
We found 2 important support areas.
- A support zone ranging from 0.31 to 0.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.23 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.45 from a trend 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 PCSA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PCSA is neutral. |
| ChartMill Relative Strength | 31.49 | NEUTRAL | PCSA is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of PCSA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PCSA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.34 | NEUTRAL | The RSI value for PCSA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PCSA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.88 | NEUTRAL | The Stochastics value for PCSA is a neutral value. |
| Average True Range in percent/ATR (20) | 14.1 | HIGH VOLATILITY | The high ATR as a percentage value for PCSA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.15 | NEGATIVE | The low ADX value for PCSA suggests a weak or negative trend. |
0.3452
+0.04 (+12.88%)
PROCESSA PHARMACEUTICALS INC / PCSA FAQ
What is the technical rating for PCSA stock?
ChartMill assigns a technical rating of 4 / 10 to PCSA.
What is the trend direction for PCSA stock?
The current trend direction for PROCESSA PHARMACEUTICALS INC (PCSA) is Bearish.
Can you provide the RSI signal for PROCESSA PHARMACEUTICALS INC?
PROCESSA PHARMACEUTICALS INC (PCSA) has an RSI value of 53.3391. This indicates that the stock is currently neutral.
What is the short term momentum for PCSA stock?
The short term momentum for PROCESSA PHARMACEUTICALS INC (PCSA) is neutral.
Can you provide the support and resistance levels for PROCESSA PHARMACEUTICALS INC?
PROCESSA PHARMACEUTICALS INC (PCSA) has a support level at 0.31 and a resistance level at 0.4. Check the full technical report for our detailed analysis of PCSA support and resistance levels.