PRAXIS PRECISION MEDICINES I (PRAX) Stock Technical Analysis
NASDAQ:PRAX - Nasdaq - US74006W2070 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to PRAX. PRAX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, PRAX is a bad performer in the overall market: 87% of all stocks are doing better.
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.
In the last month PRAX has a been trading in the 34.85 - 40.89 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PRAX is part of the Biotechnology industry. There are 561 other stocks in this industry, PRAX did better than 52% of them.
Considerably lower volume is observed in the last couple of days.
PRAX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for PRAX in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
30.65
40.65
2 important support areas can be observed.
- Support @35.16 from a horizontal line in the daily time frame.
- Support @30.96 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @38.39 from a trend line in the daily time frame.
- A resistance zone ranging from 40.25 to 40.25. 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 | DOWN | NEGATIVE | The long term trend for PRAX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRAX is neutral. |
| ChartMill Relative Strength | 13.32 | NEGATIVE | PRAX has a low relative strength, it was outperformed by 86.68% 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) | DOWN | MIXED | The current price of PRAX is above a declining 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) | 52.79 | NEUTRAL | The RSI value for PRAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests PRAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.21 | NEUTRAL | The Stochastics value for PRAX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.06 | HIGH VOLATILITY | The high ATR as a percentage value for PRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.04 | 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)
38.31
+0.63 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.67%
1 Week2.98%
2 Weeks0.66%
1 Month6.42%
3 Month-48.57%
6 Month-48.58%
12 Month-13.09%
2 Year197.05%
3 Year-69.23%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.27
ATR(20)%6.06%
ATR Inc-8.95%
Range Today2.01
ADR(20)2.28
ADR(20)%5.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.32
Mansfield-3.35
10 Day High40.01
10 Day Low35.41
20 Day High40.89
20 Day Low34.85
52 Week High91.83
52 Week Low26.7
CS1 End35.16
CR1 Start38.39
Volume & EV
DER(3)5.07%
DER(5)3.2%
Volume238.00K
Volume Incr-28.22%
Vol(5)288.18K
Vol(50)456.09K