PHARM Technical Analysis - PHARMING GROUP NV

Technical Rating and Analysis

Taking everything into account, PHARM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PHARM is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, PHARM did better than 94% of all other stocks. We also observe that the gains produced by PHARM over the past year are nicely spread over this period.

PHARM is one of the better performing stocks in the Biotechnology industry, it outperforms 85% of 75 stocks in the same industry.

PHARM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PHARM is lagging the market slightly.

PHARM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

PHARM has an average volume of 13262500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PHARMING GROUP NV / PHARM Weekly stock chart

PHARMING GROUP NV / PHARM Daily stock chart

Setup Rating and Analysis

PHARM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.70

1.22

We found 4 important support areas.

Support @1.10 from a trend line in the daily time frame.
A support zone ranging from 0.93 to 0.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.83 from a horizontal line in the daily time frame.
Support @0.71 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 1.21 to 1.21. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for PHARM.AS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PHARM.AS is up.
ChartMill Relative Strength	94.01	POSITIVE	PHARM.AS has a high relative strength, it outperformed 94.01% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PHARM.AS is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PHARM.AS is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PHARM.AS is above the rising SMA(200).
Relative Strength Index/RSI (14)	58.5	NEUTRAL	The RSI value for PHARM.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests PHARM.AS has a negative trend.
Stochastics (14,3)	58.96	NEUTRAL	The Stochastics value for PHARM.AS is a neutral value.
Average True Range in percent/ATR (20)	4.56	MEDIUM VOLATILITY	The ATR as a percentage value for PHARM.AS suggests some volalility.
Average Directional Index/ADX (14)	40.53	POSITIVE	The high ADX value value for PHARM.AS suggests a strong trend.