PRAXIS PRECISION MEDICINES I (PRAX) Stock Technical Analysis
USA - NASDAQ:PRAX - US74006W2070 - Common Stock
We assign a technical rating of 9 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.
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
172.22
We found 1 important support area.
- A support zone ranging from 173.96 to 173.96. 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 | 98.53 | POSITIVE | PRAX has a high relative strength, it outperformed 98.53% 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) | 79.49 | OVERBOUGHT | The high RSI value suggests PRAX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.54 | POSITIVE | The MACD value suggests PRAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.14 | OVERBOUGHT | The high Stochastics value suggests PRAX may be overbought. |
| Average True Range in percent/ATR (20) | 8.73 | HIGH VOLATILITY | The high ATR as a percentage value for PRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 50.38 | POSITIVE | The high ADX value value for PRAX suggests a strong trend. |
195.76
-3.57 (-1.79%)
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 9 / 10 to PRAX.
Can you provide the trend direction for PRAXIS PRECISION MEDICINES I?
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 79.4935. This indicates that the stock is currently overbought.
What is the MACD signal for PRAXIS PRECISION MEDICINES I (PRAX) stock?
The MACD indicator for PRAXIS PRECISION MEDICINES I (PRAX) has a value of 7.54359, indicating a bullish trend.
What is the buy/sell signal for PRAXIS PRECISION MEDICINES I (PRAX) stock?
The buy/sell signal for PRAXIS PRECISION MEDICINES I (PRAX) is buy as both the short term and long term trends are positive.