Taking everything into account, PMI scores 0 out of 10 in our technical rating. PMI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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, PMI is a bad performer in the overall market: 100% of all stocks are doing better.
- PMI is part of the Health Care Equipment & Supplies industry. There are 185 other stocks in this industry, of which 90% are performing better than PMI.
- In the last month PMI has a been trading in the 1.63 - 2.54 range, which is quite wide. It is currently trading near the lows of this range.
- PMI has an average volume of 1218380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
PMI has a poor technical rating and the quality of the setup is also not perfect 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
1.63
When analyzing the support we notice one important area.
- A support zone ranging from 1.65 to 1.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @1.91 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 PMI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PMI is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | PMI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PMI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PMI is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 38.52 | NEUTRAL | The RSI value for PMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PMI has a positive trend. |
| Stochastics (14,3) | 9.35 | OVERSOLD | The low Stochastics value suggests PMI may be oversold. |
| Average True Range in percent/ATR (20) | 9.84 | HIGH VOLATILITY | The high ATR as a percentage value for PMI suggests high volalility. |
| Average Directional Index/ADX (14) | 15.86 | NEGATIVE | The low ADX value for PMI suggests a weak or negative trend. |
1.77
+0.03 (+1.72%)
PICARD MEDICAL INC / PMI FAQ
What is the technical rating for PMI stock?
ChartMill assigns a technical rating of 0 / 10 to PMI.
What is the trend direction for PMI stock?
The current trend direction for PICARD MEDICAL INC (PMI) is Bearish.
What is the RSI signal for PICARD MEDICAL INC (PMI) stock?
PICARD MEDICAL INC (PMI) has an RSI value of 38.518. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PICARD MEDICAL INC?
The short term momentum for PICARD MEDICAL INC (PMI) is negative.
What is the buy/sell signal for PICARD MEDICAL INC (PMI) stock?
The buy/sell signal for PICARD MEDICAL INC (PMI) is sell as both the short term and long term trends are negative.