PROMIS NEUROSCIENCES INC (PMN) Stock Technical Analysis
NASDAQ:PMN - Nasdaq - CA74346M4065 - Common Stock - Currency: USD
Overall PMN gets a technical rating of 5 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.
When comparing the yearly performance of all stocks, PMN is a bad performer in the overall market: 82% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PMN has an average volume of 8610640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PMN is part of the Biotechnology industry. There are 553 other stocks in this industry, PMN did better than 53% of them.
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 0.38 - 1.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
PMN has an average technical rating and it also does not offer a high 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
0.75
1.12
When analyzing the support we notice one important area.
- A support zone ranging from 0.76 to 0.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.11 to 1.11. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for PMN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PMN is up. |
| ChartMill Relative Strength | 18.36 | NEGATIVE | PMN has a low relative strength, it was outperformed by 81.64% 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) | UP | POSITIVE | The current price of PMN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PMN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.97 | NEUTRAL | The RSI value for PMN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PMN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 33.29 | NEUTRAL | The Stochastics value for PMN is a neutral value. |
| Average True Range in percent/ATR (20) | 25.52 | HIGH VOLATILITY | The high ATR as a percentage value for PMN suggests high volalility. |
| Average Directional Index/ADX (14) | 56.04 | 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)
0.7665
0 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.6%
1 Week-22.3%
2 Weeks74.17%
1 Month77.31%
3 Month19.77%
6 Month-15.72%
12 Month-42.37%
2 Year-60.89%
3 Year-86.31%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%25.52%
ATR Inc-53.31%
Range Today0.1
ADR(20)0.16
ADR(20)%21.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.36
Mansfield-1.61
10 Day High1.59
10 Day Low0.7
20 Day High1.59
20 Day Low0.38
52 Week High1.59
52 Week Low0.38
CS1 End0.76
CR1 Start1.11
Volume & EV
DER(3)-7.42%
DER(5)-5.23%
Volume582.94K
Volume Incr-94.57%
Vol(5)1.15M
Vol(50)8.61M