ProMIS Neurosciences Inc (PMN.CA) Stock Technical Analysis
TSX:PMN - Toronto Stock Exchange - CA74346M4065 - Common Stock - Currency: CAD
Overall PMN gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. PMN was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, PMN is a bad performer in the overall market: 79% of all stocks are doing better.
Warning: PMN has an average volume of 5541 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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.
PMN is an average performer in the Biotechnology industry, it outperforms 56% of 24 stocks in the same industry.
PMN 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 PMN is lagging the market slightly.
In the last month PMN has a been trading in the 3.34 - 10.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
5.88
8.55
We found 1 important support 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.
We can see 2 important resistance areas.
- 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. |
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)
TSX:PMN (7/21/2023, 7:00:00 PM)
6
-0.24 (-3.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.85%
1 Week64.84%
2 Weeks23.97%
1 Month10.91%
3 Month-25.09%
6 Month-19.35%
12 Month-22.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%13.07%
ATR Inc-41.85%
Range Today0.51
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21
Mansfield-2.42
10 Day High10.5
10 Day Low3.34
20 Day High10.5
20 Day Low3.34
52 Week High11.1
52 Week Low3.34
CS1 End5.99
CR1 Start7.34
Volume & EV
DER(3)6.93%
DER(5)6.22%
Volume19.70K
Volume Incr423.15%
Vol(5)26.76K
Vol(50)5.54K