PRME Technical Analysis - PRIME MEDICINE INC

Technical Rating and Analysis

Overall PRME gets a technical rating of 9 out of 10. Both in the recent history as in the last year, PRME has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

PRME is one of the better performing stocks in the Biotechnology industry, it outperforms 78% of 536 stocks in the same industry.

PRME is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PRME is lagging the market slightly.

PRME has an average volume of 3728530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that PRME is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

In the last month PRME has a been trading in the 3.95 - 6.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher 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

PRIME MEDICINE INC / PRME Weekly stock chart

PRIME MEDICINE INC / PRME Daily stock chart

Setup Rating and Analysis

Although PRME has an excellent technical rating, the quality of the presented setup is not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.93

6.39

We found 2 important support areas.

Support @4.19 from a trend line in the weekly time frame.
Support @3.97 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @6.33 from a horizontal line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for PRME is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PRME is up.
ChartMill Relative Strength	90.63	POSITIVE	PRME has a high relative strength, it outperformed 90.63% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PRME is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PRME is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PRME is above the rising SMA(200).
Relative Strength Index/RSI (14)	55.74	NEUTRAL	The RSI value for PRME is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests PRME has a negative trend.
Stochastics (14,3)	62.17	NEUTRAL	The Stochastics value for PRME is a neutral value.
Average True Range in percent/ATR (20)	9.66	HIGH VOLATILITY	The high ATR as a percentage value for PRME suggests high volalility.
Average Directional Index/ADX (14)	39.01	POSITIVE	The high ADX value value for PRME suggests a strong trend.