PRAXIS PRECISION MEDICINES I (PRAX) Stock Technical Analysis
NASDAQ:PRAX - US74006W2070 - Common Stock
44.94 USD
-0.6 (-1.32%)
44.94 USD
0 (0%)
Overall PRAX gets a technical rating of 3 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.
PRAX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PRAX has a been trading in the 44.15 - 53.46 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, PRAX turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
PRAX is part of the Biotechnology industry. There are 542 other stocks in this industry, PRAX did better than 57% of them.
Although the technical rating is bad, PRAX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 45.53, a Stop Loss order could be placed below this zone.
More info and screens
33.46
52.88
We found 2 important support areas.
- Support @44.79 from a horizontal line in the daily time frame.
- Support @33.80 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 44.95 to 47.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.79 to 49.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 52.05 to 52.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 41.92 | 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) | 42.34 | NEUTRAL | The RSI value for PRAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests PRAX has a negative trend. |
| Stochastics (14,3) | 34.36 | NEUTRAL | The Stochastics value for PRAX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.42 | HIGH VOLATILITY | The high ATR as a percentage value for PRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.86 | NEGATIVE | The low ADX value for PRAX 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)
44.94
-0.6 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.32%
1 Week-6.64%
2 Weeks-3.27%
1 Month-15.81%
3 Month18.13%
6 Month17.98%
12 Month-14.32%
2 Year106.53%
3 Year-2.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.25
ATR(20)%6.42%
ATR Inc-8.71%
Range Today1.6
ADR(20)2.85
ADR(20)%6.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.92
Mansfield-2.61
10 Day High49.1
10 Day Low44.15
20 Day High53.46
20 Day Low44.15
52 Week High91.83
52 Week Low26.7
CS1 End45.53
CR1 Start45.99
Volume & EV
DER(3)0.53%
DER(5)1.22%
Volume439.63K
Volume Incr-45.83%
Vol(5)297.36K
Vol(50)442.85K