Taking everything into account, PRAX scores 8 out of 10 in our technical rating. 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 and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
162.44
When analyzing the support we notice one important area.
- Support @164.08 from a horizontal line in the daily time frame.
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 | 99.03 | POSITIVE | PRAX has a high relative strength, it outperformed 99.03% 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 | 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) | 52.85 | NEUTRAL | The RSI value for PRAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -5.58 | NEGATIVE | The MACD value suggests PRAX has a negative trend. |
| Stochastics (14,3) | 43.39 | NEUTRAL | The Stochastics value for PRAX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.27 | HIGH VOLATILITY | The high ATR as a percentage value for PRAX suggests high volalility. |
| Average Directional Index/ADX (14) | 32.58 | 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 |
|---|---|---|---|
| 180.46 | 164.07 | 16.39 (9.08%) | 11.01% |
| An entry @180.46. This is a Buy Stop order right above the 10 day moving average. | An exit @164.07. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 16.39 points, which is 9.08%. | For a 1.00% total portfolio risk, you can invest 11.01% of your capital in this trade. |
- 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.
169.8
+5.71 (+3.48%)
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 8 / 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 52.849. This indicates that the stock is currently neutral.
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 -5.58177, indicating a bearish 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.