PRFX Technical Analysis - PAINREFORM LTD

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to PRFX. PRFX'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

94% of all other stocks performed better in the past year than PRFX.

PRFX is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 76% are performing better than PRFX.

PRFX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month PRFX has a been trading in the 1.20 - 1.56 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.

PRFX has an average volume of 3623050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PAINREFORM LTD / PRFX Weekly stock chart

Setup Rating and Analysis

PRFX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.26

2.46

3 important resistance areas can be observed.

A resistance zone ranging from 1.35 to 1.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.44 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @2.44 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 PRFX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PRFX is down.
ChartMill Relative Strength	6.55	NEGATIVE	PRFX has a low relative strength, it was outperformed by 93.45% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PRFX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PRFX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PRFX is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.42	NEUTRAL	The RSI value for PRFX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests PRFX has a negative trend.
Stochastics (14,3)	15.53	OVERSOLD	The low Stochastics value suggests PRFX may be oversold.
Average True Range in percent/ATR (20)	7.57	HIGH VOLATILITY	The high ATR as a percentage value for PRFX suggests high volalility.
Average Directional Index/ADX (14)	26.07	POSITIVE	The high ADX value value for PRFX suggests a strong trend.