PSYCHEMEDICS CORP (PMD) Technical Analysis
NASDAQ:PMD • US7443752057
Current stock price
PMD Technical Rating and Analysis
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 comparing the performance of all stocks over the past year, PMD turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- PMD is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry, PMD did better than 65% of them.
- PMD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PMD is lagging the market slightly.
- 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.
PMD Weekly and Daily overview Charts
PMD Setup Rating and Analysis
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.
More info and screens
PMD Support and Resistance Analysis
2.25
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.
PMD 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 | 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. |
PMD Chart- and CandleStick Pattern Analysis
PMD Technicals: Chart, Performance Metrics, Trend & Indicators
2.67
-0.05 (-1.84%)
PSYCHEMEDICS CORP / PMD TA FAQ
What is the technical rating for PMD stock?
ChartMill assigns a technical rating of 7 / 10 to PMD.
What is the current trend direction of PSYCHEMEDICS CORP (PMD) stock?
The current trend direction for PSYCHEMEDICS CORP (PMD) is Bearish.
Can you provide the RSI signal for PSYCHEMEDICS CORP?
PSYCHEMEDICS CORP (PMD) has an RSI value of 57.1637. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PSYCHEMEDICS CORP?
The short term momentum for PSYCHEMEDICS CORP (PMD) is positive.
What is the support and resistance level for 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.