PRAXIS PRECISION MEDICINES I (PRAX) Stock Technical Analysis
NASDAQ:PRAX - Nasdaq - US74006W2070 - Common Stock - Currency: USD
Overall PRAX gets a technical rating of 4 out of 10. In the last year, PRAX was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month PRAX has a been trading in the 45.30 - 61.03 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When compared to the yearly performance of all other stocks, PRAX outperforms 51% of them, which is more or less in line with the market.
PRAX is part of the Biotechnology industry. There are 551 other stocks in this industry, PRAX did better than 63% of them.
PRAX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRAX is lagging the market.
PRAX 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
32.87
56.91
We found 1 important support area.
- Support @33.20 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 47.85 to 48.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @56.35 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for PRAX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRAX is down. |
| ChartMill Relative Strength | 51.53 | NEUTRAL | PRAX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRAX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PRAX is below 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) | 37.22 | NEUTRAL | The RSI value for PRAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.57 | NEGATIVE | The MACD value suggests PRAX has a negative trend. |
| Stochastics (14,3) | 11.88 | OVERSOLD | The low Stochastics value suggests PRAX may be oversold. |
| Average True Range in percent/ATR (20) | 8.21 | HIGH VOLATILITY | The high ATR as a percentage value for PRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 35.69 | POSITIVE | The high ADX value value for PRAX 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)
45.94
-1.33 (-2.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.81%
1 Week-15.07%
2 Weeks-22.42%
1 Month-9.1%
3 Month19.79%
6 Month-47.12%
12 Month-9.57%
2 Year108.35%
3 Year-1.84%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.8
ATR(20)%8.21%
ATR Inc-39.54%
Range Today1.99
ADR(20)3.67
ADR(20)%7.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.53
Mansfield-2.54
10 Day High60
10 Day Low45.3
20 Day High61.03
20 Day Low45.3
52 Week High91.83
52 Week Low26.7
CS1 End33.2
CR1 Start47.85
Volume & EV
DER(3)-3.73%
DER(5)-3.69%
Volume438.50K
Volume Incr59.34%
Vol(5)758.08K
Vol(50)414.73K