PRAXIS PRECISION MEDICINES I (PRAX) Technical Analysis
NASDAQ:PRAX • US74006W2070
We assign a technical rating of 7 out of 10 to PRAX. In the last year, PRAX was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month PRAX has a been trading in the 291.17 - 356.00 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.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- PRAX is one of the better performing stocks in the Biotechnology industry, it outperforms 97% of 519 stocks in the same industry.
- PRAX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PRAX is performing more or less in line with the market.
- 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. However, this overall performance is mostly based on the strong move around 4 months ago.
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 296.96, a Stop Loss order could be placed below this zone.
More info and screens
289.89
We found 1 important support area.
- A support zone ranging from 292.82 to 296.96. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for PRAX is neutral. |
| 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) | 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) | UP | POSITIVE | The current price of PRAX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.89 | NEUTRAL | The RSI value for PRAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.37 | NEGATIVE | The MACD value suggests PRAX has a negative trend. |
| Stochastics (14,3) | 21.79 | NEUTRAL | The Stochastics value for PRAX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for PRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.23 | NEUTRAL | The ADX value for PRAX suggests a possible start of a new 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 |
|---|---|---|---|
| 318.84 | 292.81 | 26.03 (8.16%) | 12.25% |
| An entry @318.84. This is a Buy Stop order right above the 10 day moving average. | An exit @292.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 26.03 points, which is 8.16%. | When investing 12.25% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of PRAX. Please evaluate whether better entry and exit points can be found.
- 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
NASDAQ:PRAX (3/12/2026, 3:55:01 PM)
302.505
+5.53 (+1.86%)
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 7 / 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 37.8904. 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 -5.37089, indicating a bearish trend.
What is the support and resistance level for PRAX stock?
PRAXIS PRECISION MEDICINES I (PRAX) has a support level at 296.96. Check the full technical report for our detailed analysis of PRAX support and resistance levels.