PRAXIS PRECISION MEDICINES I (PRAX) Technical Analysis
NASDAQ:PRAX • US74006W2070
Current stock price
PRAX Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to PRAX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PRAX is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that PRAX is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by PRAX over the past year are nicely spread over this period.
- PRAX is part of the Biotechnology industry. There are 516 other stocks in this industry. PRAX outperforms 97% of them.
- 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 271.94 - 352.78 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PRAX Weekly and Daily overview Charts
PRAX Setup Rating and Analysis
PRAX has an excellent technical rating, but 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
PRAX Support and Resistance Analysis
266.26
When analyzing the support we can see 5 important areas.
- A support zone ranging from 315.67 to 320.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 304.23 to 309.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @297.11 from a trend line in the daily time frame.
- Support @290.09 from a horizontal line in the weekly time frame.
- Support @268.95 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @347.56 from a horizontal line in the daily time frame.
PRAX Technical Indicator Signal Analysis
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 | 99.51 | POSITIVE | PRAX has a high relative strength, it outperformed 99.51% 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) | 61.39 | NEUTRAL | The RSI value for PRAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.23 | POSITIVE | The MACD value suggests PRAX has a positive trend. |
| Stochastics (14,3) | 80.21 | 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) | 18.13 | NEGATIVE | The low ADX value for PRAX suggests a weak or negative trend. |
PRAX Chart- and CandleStick Pattern Analysis
PRAX Example Setup
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 |
|---|---|---|---|
| 347.57 | 315.66 | 31.91 (9.18%) | 10.89% |
| An entry @347.57. This is a Buy Stop order right above the resistance zone. | An exit @315.66. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 31.91 points, which is 9.18%. | For a 1.00% total portfolio risk, you can invest 10.89% 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.
PRAX Technicals: Chart, Performance Metrics, Trend & Indicators
339.93
-3.67 (-1.07%)
PRAXIS PRECISION MEDICINES I / PRAX TA 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 PRAXIS PRECISION MEDICINES I (PRAX) stock?
PRAXIS PRECISION MEDICINES I (PRAX) has an RSI value of 61.3901. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PRAXIS PRECISION MEDICINES I?
The MACD indicator for PRAXIS PRECISION MEDICINES I (PRAX) has a value of 4.2321, indicating a bullish trend.
Can you provide the buy/sell signal for PRAXIS PRECISION MEDICINES I?
The buy/sell signal for PRAXIS PRECISION MEDICINES I (PRAX) is buy as both the short term and long term trends are positive.