PROMIS NEUROSCIENCES INC (PMN) Stock Technical Analysis
USA - NASDAQ:PMN - CA74346M4065 - Common Stock
0.498 USD
+0.03 (+6.36%)
0.4704 USD
-0.03 (-5.54%)
Taking everything into account, PMN scores 1 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PMN is a bad performer in the overall market: 89% of all stocks are doing better.
PMN is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 66% are performing better than PMN.
PMN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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 0.39 - 0.52 range, which is quite wide. It is currently trading near the high of this range.
PMN has an average volume of 1837490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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. 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
0.39
1.12
When analyzing the support we can see 2 important areas.
- Support @0.40 from a horizontal line in the daily time frame.
- Support @0.39 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 0.51 to 0.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.53 from a horizontal line in the daily time frame.
- Resistance @0.75 from a trend line in the weekly time frame.
- Resistance @0.97 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 | NEUTRAL | NEUTRAL | The short term trend for PMN is neutral. |
| ChartMill Relative Strength | 11.2 | NEGATIVE | PMN has a low relative strength, it was outperformed by 88.8% 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 | NEGATIVE | The current price of PMN is below 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) | 55.83 | 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. |
| Stochastics (14,3) | 87.26 | OVERBOUGHT | The high Stochastics value suggests PMN may be overbought. |
| Average True Range in percent/ATR (20) | 6.98 | HIGH VOLATILITY | The high ATR as a percentage value for PMN suggests high volalility. |
| Average Directional Index/ADX (14) | 15.91 | NEGATIVE | The low ADX value for PMN suggests a weak or negative 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)
0.498
+0.03 (+6.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg6.36%
1 Week21.82%
2 Weeks12.8%
1 Month15.81%
3 Month15.2%
6 Month-18.88%
12 Month-54.31%
2 Year-71.54%
3 Year-91.49%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%6.98%
ATR Inc89.84%
Range Today0.07
ADR(20)0.03
ADR(20)%6.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.2
Mansfield-3.87
10 Day High0.52
10 Day Low0.39
20 Day High0.52
20 Day Low0.39
52 Week High1.59
52 Week Low0.38
CS1 End0.4
CR1 Start0.51
Volume & EV
DER(3)-2.33%
DER(5)-3.55%
Volume1.23M
Volume Incr-72.11%
Vol(5)899.22K
Vol(50)1.84M