PCSA Technical Analysis - PROCESSA PHARMACEUTICALS INC

Technical Rating and Analysis

Overall PCSA gets a technical rating of 1 out of 10. PCSA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, PCSA is a bad performer in the overall market: 98% of all stocks are doing better.

PCSA is one of the lesser performing stocks in the Pharmaceuticals industry. 87% of 196 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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

PCSA has an average volume of 5595270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month PCSA has a been trading in the 0.16 - 0.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PROCESSA PHARMACEUTICALS INC / PCSA Weekly stock chart

PROCESSA PHARMACEUTICALS INC / PCSA Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, PCSA does present a nice setup opportunity. 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 0.20. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.19

0.41

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 0.21 to 0.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @0.41 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The short term trend for PCSA is down.
ChartMill Relative Strength	2.04	NEGATIVE	PCSA has a low relative strength, it was outperformed by 97.96% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PCSA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of PCSA is below the rising 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)	42.88	NEUTRAL	The RSI value for PCSA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests PCSA has a positive trend.
Stochastics (14,3)	46.33	NEUTRAL	The Stochastics value for PCSA is a neutral value.
Average True Range in percent/ATR (20)	8.46	HIGH VOLATILITY	The high ATR as a percentage value for PCSA suggests high volalility.
Average Directional Index/ADX (14)	19.94	NEGATIVE	The low ADX value for PCSA suggests a weak or negative trend.