PMV PHARMACEUTICALS INC (PMVP) Stock Technical Analysis
USA - NASDAQ:PMVP - US69353Y1038 - Common Stock
1.54 USD
+0.01 (+0.65%)
1.5 USD
-0.04 (-2.6%)
We assign a technical rating of 6 out of 10 to PMVP. Although PMVP is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, PMVP is a bad performer in the overall market: 62% of all stocks are doing better.
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.
The long and short term trends are both positive. This is looking good!
In the last month PMVP has a been trading in the 1.30 - 1.54 range, which is quite wide. It is currently trading near the high of this range.
PMVP has an average volume of 1422500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PMVP is part of the Biotechnology industry. There are 534 other stocks in this industry, PMVP did better than 48% of them.
PMVP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PMVP is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, PMVP does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 1.42, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PMVP in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.21
1.63
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.35 to 1.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.32 from a horizontal line in the daily time frame.
- Support @1.22 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.54 from a horizontal line in the weekly time frame.
- Resistance @1.61 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 | UP | POSITIVE | The long term trend for PMVP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PMVP is up. |
| ChartMill Relative Strength | 38.09 | NEUTRAL | PMVP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PMVP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PMVP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PMVP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.09 | NEUTRAL | The RSI value for PMVP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PMVP has a positive trend. |
| Stochastics (14,3) | 76.94 | NEUTRAL | The Stochastics value for PMVP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.81 | HIGH VOLATILITY | The high ATR as a percentage value for PMVP suggests high volalility. |
| Average Directional Index/ADX (14) | 15.38 | NEGATIVE | The low ADX value for PMVP 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.55 | 1.34 | 0.21 (13.55%) | 7.38% |
| An entry @1.55. This is a Buy Stop order right above the resistance zone. | An exit @1.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.21 points, which is 13.55%. | For a 1.00% total portfolio risk, you can invest 7.38% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.54
+0.01 (+0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.65%
1 Week7.75%
2 Weeks12.5%
1 Month10.87%
3 Month8.51%
6 Month47.12%
12 Month-7.83%
2 Year1.32%
3 Year-87.57%
5 Year-95.63%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%6.81%
ATR Inc8.28%
Range Today0.07
ADR(20)0.1
ADR(20)%6.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.09
3 months CRS75.68
6 months CRS85.09
Mansfield0.48
10 Day High1.54
10 Day Low1.3
20 Day High1.54
20 Day Low1.3
52 Week High1.84
52 Week Low0.81
CS1 End1.42
CR1 Start1.54
Volume & EV
DER(3)7.65%
DER(5)5.48%
Volume681.38K
Volume Incr16.34%
Vol(5)792.58K
Vol(50)1.42M