We assign a technical rating of 10 out of 10 to PRAX. Both in the recent history as in the last year, PRAX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that PRAX is one of the better performing stocks in the market, outperforming 98% of all stocks.
- PRAX is one of the better performing stocks in the Biotechnology industry, it outperforms 95% of 528 stocks in the same industry.
- PRAX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PRAX has a been trading in the 262.31 - 317.72 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PRAX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 272.89, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
266.25
When analyzing the support we notice one important area.
- A support zone ranging from 268.94 to 272.89. 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 | UP | POSITIVE | The long term trend for PRAX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRAX is up. |
| ChartMill Relative Strength | 98.95 | POSITIVE | PRAX has a high relative strength, it outperformed 98.95% 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) | UP | POSITIVE | The current price of PRAX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.5 | NEUTRAL | The RSI value for PRAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.28 | NEGATIVE | The MACD value suggests PRAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.13 | NEUTRAL | The Stochastics value for PRAX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.66 | HIGH VOLATILITY | The high ATR as a percentage value for PRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 33.05 | POSITIVE | The high ADX value value for PRAX suggests a strong trend. |
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 |
|---|---|---|---|
| 306.17 | 268.93 | 37.24 (12.16%) | 8.22% |
| An entry @306.17. This is a Buy Stop order right above the 10 day high. | An exit @268.93. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 37.24 points, which is 12.16%. | When investing 8.22% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
298.46
+17.63 (+6.28%)
PRAXIS PRECISION MEDICINES I / PRAX FAQ
What is the ChartMill technical rating of PRAXIS PRECISION MEDICINES I (PRAX) stock?
ChartMill assigns a technical rating of 10 / 10 to PRAX.
What is the current trend direction of PRAXIS PRECISION MEDICINES I (PRAX) stock?
The current trend direction for PRAXIS PRECISION MEDICINES I (PRAX) is Bullish.
What is the RSI signal for PRAX stock?
PRAXIS PRECISION MEDICINES I (PRAX) has an RSI value of 62.5023. This indicates that the stock is currently neutral.
What is the MACD signal for PRAX stock?
The MACD indicator for PRAXIS PRECISION MEDICINES I (PRAX) has a value of -3.28227, indicating a bearish trend.
What is the support and resistance level for PRAX stock?
PRAXIS PRECISION MEDICINES I (PRAX) has a support level at 272.89. Check the full technical report for our detailed analysis of PRAX support and resistance levels.