ProMIS Neurosciences Inc (PMN.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:PMN - CA74346M4065 - Common Stock
Overall PMN gets a technical rating of 3 out of 10. In the past year, PMN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of PMN is bad and it also does not present a 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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5.88
When analyzing the support we notice one important area.
- A support zone ranging from 5.94 to 5.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- Resistance @7.34 from a trend line in the daily time frame.
- Resistance @8.47 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 | NEUTRAL | NEUTRAL | The long term trend for PMN.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PMN.CA is up. |
| ChartMill Relative Strength | 21 | NEGATIVE | PMN.CA has a low relative strength, it was outperformed by 79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PMN.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PMN.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PMN.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.36 | NEUTRAL | The RSI value for PMN.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests PMN.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41.01 | NEUTRAL | The Stochastics value for PMN.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 13.07 | HIGH VOLATILITY | The high ATR as a percentage value for PMN.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 51.77 | POSITIVE | The high ADX value value for PMN.CA suggests a strong trend. |
TSX:PMN (7/21/2023, 7:00:00 PM)
6
-0.24 (-3.85%)
ProMIS Neurosciences Inc / PMN.CA FAQ
What is the technical rating for PMN stock?
ChartMill assigns a technical rating of 3 / 10 to PMN.CA.
What is the trend direction for PMN stock?
The current trend direction for ProMIS Neurosciences Inc (PMN.CA) is Bearish.
What is the RSI signal for PMN stock?
ProMIS Neurosciences Inc (PMN.CA) has an RSI value of 53.3613. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ProMIS Neurosciences Inc?
The MACD indicator for ProMIS Neurosciences Inc (PMN.CA) has a value of 0.294553, indicating a bearish trend.
Can you provide the support and resistance levels for ProMIS Neurosciences Inc?
ProMIS Neurosciences Inc (PMN.CA) has a support level at 5.99 and a resistance level at 7.34. Check the full technical report for our detailed analysis of PMN.CA support and resistance levels.