PHARM Technical Analysis - PHARMING GROUP NV

Technical Rating and Analysis

Overall PHARM gets a technical rating of 10 out of 10. Both in the recent history as in the last year, PHARM has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, PHARM did better than 94% of all other stocks.

PHARM is part of the Biotechnology industry. There are 79 other stocks in this industry. PHARM outperforms 85% of them.

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 has an average volume of 18333600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month PHARM has a been trading in the 1.00 - 1.41 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

Besides having an excellent technical rating, PHARM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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

0.82

1.26

6 important support areas can be observed.

Support @1.21 from a trend line in the weekly time frame.
A support zone ranging from 1.17 to 1.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 1.12 to 1.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.00 from a trend line in the weekly time frame.
Support @0.97 from a trend line in the daily time frame.
Support @0.83 from a horizontal line in the daily time frame.

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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	94.59	POSITIVE	PHARM.AS has a high relative strength, it outperformed 94.59% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of PHARM.AS is below 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)	51.3	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)	64.27	NEUTRAL	The Stochastics value for PHARM.AS is a neutral value.
Average True Range in percent/ATR (20)	5.66	HIGH VOLATILITY	The high ATR as a percentage value for PHARM.AS suggests high volalility.
Average Directional Index/ADX (14)	19.38	NEGATIVE	The low ADX value for PHARM.AS suggests a weak or negative trend.