PRIME MEDICINE INC (PRME) Stock Technical Analysis
USA - NASDAQ:PRME - US74168J1016 - Common Stock
We assign a technical rating of 5 out of 10 to PRME. In the last year, PRME was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
PRME has an average technical rating and it also does not offer a high quality setup 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
4.30
2 important support areas can be observed.
- Support @4.45 from a trend line in the daily time frame.
- Support @4.34 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.91 to 4.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.16 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for PRME is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRME is down. |
| ChartMill Relative Strength | 79.38 | POSITIVE | PRME has a high relative strength, it outperformed 79.38% 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) | UP | MIXED | The current price of PRME is below 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) | 42.96 | NEUTRAL | The RSI value for PRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests PRME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.68 | OVERSOLD | The low Stochastics value suggests PRME may be oversold. |
| Average True Range in percent/ATR (20) | 12.88 | HIGH VOLATILITY | The high ATR as a percentage value for PRME suggests high volalility. |
| Average Directional Index/ADX (14) | 20.58 | NEUTRAL | The ADX value for PRME suggests a possible start of a new trend. |
4.56
-0.38 (-7.69%)
PRIME MEDICINE INC / PRME FAQ
What is the ChartMill technical rating of PRIME MEDICINE INC (PRME) stock?
ChartMill assigns a technical rating of 5 / 10 to PRME.
What is the trend direction for PRME stock?
The current trend direction for PRIME MEDICINE INC (PRME) is Bullish.
What is the RSI signal for PRME stock?
PRIME MEDICINE INC (PRME) has an RSI value of 42.9561. This indicates that the stock is currently neutral.
What is the MACD signal for PRIME MEDICINE INC (PRME) stock?
The MACD indicator for PRIME MEDICINE INC (PRME) has a value of -0.176939, indicating a bearish trend.
What is the buy/sell signal for PRIME MEDICINE INC (PRME) stock?
The buy/sell signal for PRIME MEDICINE INC (PRME) is hold as the short term and long term trends are mixed.