PRAXIS PRECISION MEDICINES I (PRAX) Stock Technical Analysis
NASDAQ:PRAX - Nasdaq - US74006W2070 - Common Stock - Currency: USD
Taking everything into account, PRAX scores 7 out of 10 in our technical rating. Although PRAX has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
PRAX is part of the Biotechnology industry. There are 558 other stocks in this industry. PRAX outperforms 78% of them.
In the last month PRAX has a been trading in the 40.86 - 54.44 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, PRAX did better than 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
PRAX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRAX is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PRAX has an excellent technical rating, it does not offer a high quality setup 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
32.26
54.15
We found 3 important support areas.
- A support zone ranging from 51.88 to 51.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.22 from a trend line in the daily time frame.
- Support @32.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @53.61 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 | NEUTRAL | NEUTRAL | The long term trend for PRAX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRAX is up. |
| ChartMill Relative Strength | 82.45 | POSITIVE | PRAX has a high relative strength, it outperformed 82.45% 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) | DOWN | NEGATIVE | The current price of PRAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.47 | NEUTRAL | The RSI value for PRAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests PRAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.9 | OVERBOUGHT | The high Stochastics value suggests PRAX may be overbought. |
| Average True Range in percent/ATR (20) | 4.87 | MEDIUM VOLATILITY | The ATR as a percentage value for PRAX suggests some volalility. |
| Average Directional Index/ADX (14) | 27.99 | POSITIVE | The high ADX value value for PRAX suggests a strong 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)
NASDAQ:PRAX (7/16/2025, 11:53:43 AM)
51.98
+0.09 (+0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.17%
1 Week10.97%
2 Weeks23.4%
1 Month17.13%
3 Month53.57%
6 Month-26.44%
12 Month-5.59%
2 Year249.39%
3 Year-2%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.71
ATR(20)%4.87%
ATR Inc28.54%
Range Today0.1
ADR(20)2.49
ADR(20)%4.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.45
Mansfield-1.46
10 Day High54.44
10 Day Low40.93
20 Day High54.44
20 Day Low40.86
52 Week High91.83
52 Week Low26.7
CS1 End44.22
CR1 Start53.61
Volume & EV
DER(3)0.64%
DER(5)2.41%
Volume387
Volume Incr89.07%
Vol(5)495.54K
Vol(50)328.79K