PRAXIS PRECISION MEDICINES I (PRAX) Stock Technical Analysis
NASDAQ:PRAX - Nasdaq - US74006W2070 - Common Stock - Currency: USD
Taking everything into account, PRAX scores 6 out of 10 in our technical rating. Although PRAX has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
PRAX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PRAX is lagging the market.
PRAX is one of the better performing stocks in the Biotechnology industry, it outperforms 80% of 559 stocks in the same industry.
In the last month PRAX has a been trading in the 35.21 - 46.93 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.
When comparing the yearly performance of all stocks, we notice that PRAX is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Considerably lower volume is observed in the last couple of days.
PRAX has an average technical rating and also the quality of the setup is only medium 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
31.25
46.32
When analyzing the support we can see 4 important areas.
- A support zone ranging from 44.14 to 44.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.30 from a trend line in the daily time frame.
- A support zone ranging from 36.96 to 37.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @31.57 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @44.57 from a horizontal line in the weekly time frame.
- Resistance @45.86 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 PRAX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRAX is up. |
| ChartMill Relative Strength | 81.08 | POSITIVE | PRAX has a high relative strength, it outperformed 81.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRAX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PRAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.66 | NEUTRAL | The RSI value for PRAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.51 | POSITIVE | The MACD value suggests PRAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.47 | OVERBOUGHT | The high Stochastics value suggests PRAX may be overbought. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for PRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 23.13 | NEUTRAL | The ADX value for PRAX suggests a possible start of a new 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)
44.3
-0.73 (-1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.62%
1 Week-0.58%
2 Weeks14.92%
1 Month19.09%
3 Month15.73%
6 Month-36.88%
12 Month13.68%
2 Year156.81%
3 Year20.54%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.64
ATR(20)%5.57%
ATR Inc-7.2%
Range Today2.14
ADR(20)2.45
ADR(20)%5.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.08
Mansfield-2.46
10 Day High46.93
10 Day Low37.55
20 Day High46.93
20 Day Low35.21
52 Week High91.83
52 Week Low26.7
CS1 End44.29
CR1 Start44.57
Volume & EV
DER(3)-3.15%
DER(5)-0.71%
Volume178.00K
Volume Incr-25.14%
Vol(5)237.14K
Vol(50)406.93K