PRN Technical Analysis - PROFOUND MEDICAL CORP

Technical Rating and Analysis

Overall PRN gets a technical rating of 0 out of 10. PRN'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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

98% of all other stocks performed better in the past year than PRN.

PRN is part of the Health Care Equipment & Supplies industry. There are 15 other stocks in this industry, of which 78% are performing better than PRN.

PRN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month PRN has a been trading in the 5.23 - 7.60 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.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Warning: PRN has an average volume of 9779 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

PROFOUND MEDICAL CORP / PRN Weekly stock chart

PROFOUND MEDICAL CORP / PRN Daily stock chart

Setup Rating and Analysis

The technical rating of PRN is bad and it also does not present a 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

5.45

12.31

We can see 4 important resistance areas.

A resistance zone ranging from 7.14 to 7.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @7.69 from a trend line in the weekly time frame.
Resistance @8.41 from a trend line in the daily time frame.
Resistance @12.19 from a horizontal line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 PRN.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PRN.CA is down.
ChartMill Relative Strength	2.87	NEGATIVE	PRN.CA has a low relative strength, it was outperformed by 97.13% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PRN.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PRN.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PRN.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	27.49	OVERSOLD	The low RSI value suggests PRN.CA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests PRN.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	12.3	OVERSOLD	The low Stochastics value suggests PRN.CA may be oversold.
Average True Range in percent/ATR (20)	6.1	HIGH VOLATILITY	The high ATR as a percentage value for PRN.CA suggests high volalility.
Average Directional Index/ADX (14)	43.51	POSITIVE	The high ADX value value for PRN.CA suggests a strong trend.