PROMIS NEUROSCIENCES INC (PMN) Stock Technical Analysis
NASDAQ:PMN - CA74346M4065 - Common Stock
0.549 USD
+0.02 (+4.59%)
0.5463 USD
0 (-0.49%)
Overall PMN gets a technical rating of 2 out of 10. PMN'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
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 one of the lesser performing stocks in the Biotechnology industry. 65% of 549 stocks in the same industry do better.
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.
In the last month PMN has a been trading in the 0.51 - 1.06 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
PMN has an average volume of 8808130 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.
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
0.51
1.12
When analyzing the support we notice one important area.
- Support @0.52 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @0.89 from a trend line in the weekly time frame.
- Resistance @0.98 from a trend line in the weekly time frame.
- Resistance @1.11 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 | DOWN | NEGATIVE | The short term trend for PMN is down. |
| ChartMill Relative Strength | 9.1 | NEGATIVE | PMN has a low relative strength, it was outperformed by 90.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PMN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PMN is below the rising 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) | 43.6 | NEUTRAL | The RSI value for PMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PMN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10 | OVERSOLD | The low Stochastics value suggests PMN may be oversold. |
| Average True Range in percent/ATR (20) | 15.66 | HIGH VOLATILITY | The high ATR as a percentage value for PMN suggests high volalility. |
| Average Directional Index/ADX (14) | 40.1 | POSITIVE | The high ADX value value for PMN 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)
0.549
+0.02 (+4.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.59%
1 Week-12.86%
2 Weeks-0.2%
1 Month-39.4%
3 Month8.71%
6 Month-32.64%
12 Month-57.77%
2 Year-71.99%
3 Year-90.2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%15.66%
ATR Inc-45.02%
Range Today0.03
ADR(20)0.08
ADR(20)%15.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.1
Mansfield-3.79
10 Day High0.73
10 Day Low0.51
20 Day High1.06
20 Day Low0.51
52 Week High1.59
52 Week Low0.38
CS1 End0.52
CR1 Start0.89
Volume & EV
DER(3)-4.32%
DER(5)-6.39%
Volume184.90K
Volume Incr-97.65%
Vol(5)392.00K
Vol(50)8.81M