PHARMACYTE BIOTECH INC (PMCB) Stock Technical Analysis
NASDAQ:PMCB • US71715X2036
Overall PMCB gets a technical rating of 0 out of 10. PMCB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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, PMCB is a bad performer in the overall market: 91% of all stocks are doing better.
- PMCB is part of the Biotechnology industry. There are 520 other stocks in this industry, of which 73% are performing better than PMCB.
- PMCB 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.
- In the last month PMCB has a been trading in the 0.64 - 0.84 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.
Although the technical rating is bad, PMCB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.72. Right above this resistance zone may be a good entry point.
More info and screens
0.68
We can see 3 important resistance areas.
- A resistance zone ranging from 0.72 to 0.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.83 from a trend line in the daily time frame.
- Resistance @1.05 from a trend line in the weekly 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 PMCB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PMCB is down. |
| ChartMill Relative Strength | 9.34 | NEGATIVE | PMCB has a low relative strength, it was outperformed by 90.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PMCB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PMCB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PMCB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.89 | NEUTRAL | The RSI value for PMCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PMCB has a positive trend. |
| Stochastics (14,3) | 39.92 | NEUTRAL | The Stochastics value for PMCB is a neutral value. |
| Average True Range in percent/ATR (20) | 9.78 | HIGH VOLATILITY | The high ATR as a percentage value for PMCB suggests high volalility. |
| Average Directional Index/ADX (14) | 13.3 | NEGATIVE | The low ADX value for PMCB suggests a weak or negative trend. |
0.6901
-0.01 (-1.97%)
PHARMACYTE BIOTECH INC / PMCB FAQ
What is the technical rating for PMCB stock?
ChartMill assigns a technical rating of 0 / 10 to PMCB.
Can you provide the trend direction for PHARMACYTE BIOTECH INC?
The current trend direction for PHARMACYTE BIOTECH INC (PMCB) is Bearish.
What is the RSI signal for PMCB stock?
PHARMACYTE BIOTECH INC (PMCB) has an RSI value of 41.8921. This indicates that the stock is currently neutral.
What is the short term momentum for PMCB stock?
The short term momentum for PHARMACYTE BIOTECH INC (PMCB) is negative.
What is the buy/sell signal for PHARMACYTE BIOTECH INC (PMCB) stock?
The buy/sell signal for PHARMACYTE BIOTECH INC (PMCB) is sell as both the short term and long term trends are negative.