PRME Technical Analysis - PRIME MEDICINE INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to PRME. 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.

Both the short term and long term trends are positive. This is a very positive sign.

PRME is one of the better performing stocks in the Biotechnology industry, it outperforms 91% of 540 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.

In the last month PRME has a been trading in the 3.08 - 4.70 range, which is quite wide. It is currently trading near the high of this range.

PRME has an average volume of 4065130 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 94% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.39

4.72

We found 2 important support areas.

Support @3.72 from a trend line in the weekly time frame.
Support @3.42 from a trend line in the daily 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	94.6	POSITIVE	PRME has a high relative strength, it outperformed 94.6% 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)	67.6	NEUTRAL	The RSI value for PRME is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests PRME has a positive trend.
Stochastics (14,3)	88.45	OVERBOUGHT	The high Stochastics value suggests PRME may be overbought.
Average True Range in percent/ATR (20)	6.33	HIGH VOLATILITY	The high ATR as a percentage value for PRME suggests high volalility.
Average Directional Index/ADX (14)	22.8	NEUTRAL	The ADX value for PRME suggests a possible start of a new trend.