PRIME MEDICINE INC (PRME) Technical Analysis
NASDAQ:PRME • US74168J1016
Current stock price
3.32 USD
-0.07 (-2.06%)
At close:
3.36 USD
+0.04 (+1.2%)
Pre-Market:
PRME Technical Rating and Analysis
Overall PRME gets a technical rating of 4 out of 10. Although PRME is scoring some points because its good overall performance in the market in the past year, 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.
- In the last month PRME has a been trading in the 3.04 - 4.40 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.
- When comparing the yearly performance of all stocks, we notice that PRME is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, PRME also shows a nice and consistent pattern of rising prices.
- PRME is part of the Biotechnology industry. There are 517 other stocks in this industry. PRME outperforms 74% of them.
- PRME has an average volume of 2792010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PRME is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PRME is lagging the market slightly.
PRME Weekly and Daily overview Charts
PRME Setup Rating and Analysis
PRME has an average technical rating and also 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
PRME Support and Resistance Analysis
3.09
6.08
We found 2 important support areas.
- A support zone ranging from 3.24 to 3.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.12 to 3.14. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 3.63 to 3.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.21 to 4.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.67 from a horizontal line in the daily time frame.
- Resistance @6.02 from a trend line in the weekly time frame.
PRME 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 PRME is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRME is down. |
| ChartMill Relative Strength | 92.01 | POSITIVE | PRME has a high relative strength, it outperformed 92.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRME is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRME is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PRME is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.72 | NEUTRAL | The RSI value for PRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests PRME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.85 | NEUTRAL | The Stochastics value for PRME is a neutral value. |
| Average True Range in percent/ATR (20) | 8.77 | HIGH VOLATILITY | The high ATR as a percentage value for PRME suggests high volalility. |
| Average Directional Index/ADX (14) | 14.56 | NEGATIVE | The low ADX value for PRME suggests a weak or negative trend. |
PRME Chart- and CandleStick Pattern Analysis
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)
PRME Technicals: Chart, Performance Metrics, Trend & Indicators
3.32
-0.07 (-2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.06%
1 Week-8.79%
2 Weeks-9.78%
1 Month-15.52%
3 Month-5.95%
6 Month-47.47%
12 Month135.46%
2 Year-32.52%
3 Year-75.89%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%8.77%
ATR Inc12.57%
Range Today0.22
ADR(20)0.28
ADR(20)%8.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.01
3 months CRS33.59
6 months CRS10.94
Mansfield-0.46
10 Day High3.84
10 Day Low3.04
20 Day High4.4
20 Day Low3.04
52 Week High6.94
52 Week Low1.11
CS1 End3.26
CR1 Start3.63
Volume & EV
DER(3)-1.57%
DER(5)-0.9%
Volume1.65M
Volume Incr0.32%
Vol(5)2.78M
Vol(50)2.79M
PRIME MEDICINE INC / PRME TA FAQ
What is the technical rating for PRME stock?
ChartMill assigns a technical rating of 4 / 10 to PRME.
What is the current trend direction of PRIME MEDICINE INC (PRME) stock?
The current trend direction for PRIME MEDICINE INC (PRME) is Bearish.
What is the RSI signal for PRIME MEDICINE INC (PRME) stock?
PRIME MEDICINE INC (PRME) has an RSI value of 41.7214. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PRIME MEDICINE INC?
The short term momentum for PRIME MEDICINE INC (PRME) is negative.
What is the buy/sell signal for PRME stock?
The buy/sell signal for PRIME MEDICINE INC (PRME) is sell as both the short term and long term trends are negative.