PSYCHEMEDICS CORP (PMD) Stock Technical Analysis
NASDAQ:PMD - Nasdaq - US7443752057 - Common Stock - Currency: USD
Taking everything into account, PMD scores 7 out of 10 in our technical rating. PMD has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, PMD outperforms 54% of them, which is more or less in line with the market.
PMD is an average performer in the Health Care Providers & Services industry, it outperforms 65% of 104 stocks in the same industry.
PMD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PMD is lagging the market.
In the last month PMD has a been trading in the 2.07 - 3.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although PMD has an excellent technical rating, it does not present a decent entry opportunity 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
2.25
2.70
We found 2 important support areas.
- A support zone ranging from 2.37 to 2.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 2.27 to 2.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for PMD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PMD is up. |
| ChartMill Relative Strength | 54.69 | NEUTRAL | PMD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PMD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.16 | NEUTRAL | The RSI value for PMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.39 | NEUTRAL | The Stochastics value for PMD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.39 | HIGH VOLATILITY | The high ATR as a percentage value for PMD suggests high volalility. |
| Average Directional Index/ADX (14) | 33.24 | POSITIVE | The high ADX value value for PMD suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.67
-0.05 (-1.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.84%
1 Week13.62%
2 Weeks14.1%
1 Month13.86%
3 Month14.84%
6 Month18.67%
12 Month-10.4%
2 Year-45.56%
3 Year-61.97%
5 Year-70.82%
10 Year-82.38%
15 Year-63.67%
Volatility
ATR(14)0.23
ATR(20)%6.39%
ATR Inc35.56%
Range Today0.31
ADR(20)0.16
ADR(20)%6.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.69
Mansfield-1.06
10 Day High3.25
10 Day Low2.07
20 Day High3.25
20 Day Low2.07
52 Week High3.93
52 Week Low1.63
CS1 End2.4
CR1 StartN/A
Volume & EV
DER(3)-4.88%
DER(5)-4.27%
Volume113.60K
Volume Incr88.87%
Vol(5)83.36K
Vol(50)35.67K