We assign a technical rating of 7 out of 10 to PMD. In the last year, PMD was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although PMD has an excellent technical rating, it does not offer a high quality setup 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.
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2.25
When analyzing the support we can see 2 important 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. |
2.67
-0.05 (-1.84%)
PSYCHEMEDICS CORP / PMD FAQ
What is the technical rating for PMD stock?
ChartMill assigns a technical rating of 7 / 10 to PMD.
What is the trend direction for PMD stock?
The current trend direction for PSYCHEMEDICS CORP (PMD) is Bearish.
What is the RSI signal for PSYCHEMEDICS CORP (PMD) stock?
PSYCHEMEDICS CORP (PMD) has an RSI value of 57.1637. This indicates that the stock is currently neutral.
What are the support and resistance levels for PSYCHEMEDICS CORP (PMD) stock?
PSYCHEMEDICS CORP (PMD) has a support level at 2.4. Check the full technical report for our detailed analysis of PMD support and resistance levels.