PLIANT THERAPEUTICS INC (PLRX) Technical Analysis
NASDAQ:PLRX • US7291391057
Overall PLRX gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. PLRX was also a bad performer in the overall market in the last year.
- 70% of all other stocks performed better in the past year than PLRX.
- In the last month PLRX has a been trading in the 1.10 - 1.40 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- PLRX is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, PLRX did better than 52% of them.
- PLRX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLRX is lagging the market.
- Considerably lower volume is observed in the last couple of days.
PLRX has an average technical rating and also the quality of the setup is only medium 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
1.23
When analyzing the support we can see 2 important areas.
- A support zone ranging from 1.30 to 1.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.24 to 1.26. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.34 from a horizontal line in the weekly time frame.
- Resistance @1.39 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for PLRX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLRX is up. |
| ChartMill Relative Strength | 30.54 | NEUTRAL | PLRX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PLRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.95 | NEUTRAL | The RSI value for PLRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PLRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.71 | OVERBOUGHT | The high Stochastics value suggests PLRX may be overbought. |
| Average True Range in percent/ATR (20) | 5.09 | HIGH VOLATILITY | The high ATR as a percentage value for PLRX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.73 | NEUTRAL | The ADX value for PLRX suggests a possible start of a new trend. |
PLRX Technicals: Chart, Performance Metrics, Trend & Indicators
1.33
-0.06 (-4.32%)
PLIANT THERAPEUTICS INC / PLRX FAQ
What is the ChartMill technical rating of PLIANT THERAPEUTICS INC (PLRX) stock?
ChartMill assigns a technical rating of 4 / 10 to PLRX.
Can you provide the trend direction for PLIANT THERAPEUTICS INC?
The current trend direction for PLIANT THERAPEUTICS INC (PLRX) is Bearish.
What is the RSI signal for PLRX stock?
PLIANT THERAPEUTICS INC (PLRX) has an RSI value of 56.9527. This indicates that the stock is currently neutral.
What is the MACD signal for PLRX stock?
The MACD indicator for PLIANT THERAPEUTICS INC (PLRX) has a value of 0.0128017, indicating a bearish trend.
What is the short term momentum for PLRX stock?
The short term momentum for PLIANT THERAPEUTICS INC (PLRX) is positive.