Overall PMN gets a technical rating of 2 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: 91% of all stocks are doing better.
- PMN is part of the Biotechnology industry. There are 525 other stocks in this industry, of which 71% are performing better than PMN.
- PMN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month PMN has a been trading in the 6.62 - 10.18 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of PMN is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.69
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.01 to 8.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.76 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.44 to 9.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @13.25 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 PMN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PMN is up. |
| ChartMill Relative Strength | 9.05 | NEGATIVE | PMN has a low relative strength, it was outperformed by 90.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PMN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PMN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PMN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.3 | NEUTRAL | The RSI value for PMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests PMN has a positive trend. |
| Stochastics (14,3) | 82.93 | OVERBOUGHT | The high Stochastics value suggests PMN may be overbought. |
| Average True Range in percent/ATR (20) | 5.83 | HIGH VOLATILITY | The high ATR as a percentage value for PMN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.69 | NEGATIVE | The low ADX value for PMN suggests a weak or negative trend. |
9.43
+0.18 (+1.95%)
PROMIS NEUROSCIENCES INC / PMN FAQ
What is the technical rating for PMN stock?
ChartMill assigns a technical rating of 2 / 10 to PMN.
Can you provide the trend direction for PROMIS NEUROSCIENCES INC?
The current trend direction for PROMIS NEUROSCIENCES INC (PMN) is Bearish.
What is the RSI signal for PMN stock?
PROMIS NEUROSCIENCES INC (PMN) has an RSI value of 65.299. This indicates that the stock is currently neutral.
What is the short term momentum for PMN stock?
The short term momentum for PROMIS NEUROSCIENCES INC (PMN) is positive.
What is the buy/sell signal for PMN stock?
The buy/sell signal for PROMIS NEUROSCIENCES INC (PMN) is hold as the short term and long term trends are mixed.