PRIME MEDICINE INC (PRME) Stock Technical Analysis
NASDAQ:PRME - Nasdaq - US74168J1016 - Common Stock - Currency: USD
Overall PRME gets a technical rating of 0 out of 10. PRME'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.
When comparing the yearly performance of all stocks, PRME is a bad performer in the overall market: 98% of all stocks are doing better.
PRME is part of the Biotechnology industry. There are 560 other stocks in this industry, of which 83% are performing better than PRME.
PRME is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so PRME is lagging the market.
In the last month PRME has a been trading in the 1.11 - 1.83 range, which is quite wide. It is currently trading near the lows of this range.
PRME has an average volume of 1975980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, PRME does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PRME in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.13
1.50
We found 1 important support area.
- A support zone ranging from 1.14 to 1.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.28 to 1.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.40 from a trend line in the daily time frame.
- Resistance @1.49 from a trend 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 | 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 | 2.2 | NEGATIVE | PRME has a low relative strength, it was outperformed by 97.8% 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) | DOWN | NEGATIVE | The current price of PRME is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.3 | NEUTRAL | The RSI value for PRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PRME has a positive trend. |
| Stochastics (14,3) | 33.53 | NEUTRAL | The Stochastics value for PRME is a neutral value. |
| Average True Range in percent/ATR (20) | 13.86 | HIGH VOLATILITY | The high ATR as a percentage value for PRME suggests high volalility. |
| Average Directional Index/ADX (14) | 11.38 | NEGATIVE | The low ADX value for PRME suggests a weak or negative 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)
1.27
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week8.09%
2 Weeks0%
1 Month-20.62%
3 Month-49.6%
6 Month-61.4%
12 Month-80.4%
2 Year-90.74%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%13.86%
ATR Inc-30.33%
Range Today0.14
ADR(20)0.17
ADR(20)%13.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.2
Mansfield-6.38
10 Day High1.6
10 Day Low1.11
20 Day High1.83
20 Day Low1.11
52 Week High8.14
52 Week Low1.11
CS1 End1.15
CR1 Start1.28
Volume & EV
DER(3)0.27%
DER(5)4.38%
Volume1.86M
Volume Incr5.96%
Vol(5)2.34M
Vol(50)1.98M