PRN Technical Analysis - PROFOUND MEDICAL CORP

Technical Rating and Analysis

Taking everything into account, PRN scores 6 out of 10 in our technical rating. PRN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.

89% of all other stocks performed better in the past year than PRN.

Warning: PRN has an average volume of 19781 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month PRN has a been trading in the 5.36 - 9.96 range, which is quite wide. It is currently trading near the high of this range.

PRN is part of the Health Care Equipment & Supplies industry. There are 16 other stocks in this industry, PRN did better than 46% of them.

PRN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRN is lagging the market.

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

PROFOUND MEDICAL CORP / PRN Weekly stock chart

PROFOUND MEDICAL CORP / PRN Daily stock chart

Setup Rating and Analysis

PRN 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.36

15.14

We found 3 important support areas.

A support zone ranging from 7.90 to 7.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @7.55 from a horizontal line in the daily time frame.
Support @7.43 from a trend line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 8.01 to 8.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @14.99 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	NEUTRAL	NEUTRAL	The long term trend for PRN.CA is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PRN.CA is up.
ChartMill Relative Strength	11.31	NEGATIVE	PRN.CA has a low relative strength, it was outperformed by 88.69% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PRN.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PRN.CA is above the rising 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)	58	NEUTRAL	The RSI value for PRN.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests PRN.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	73.95	NEUTRAL	The Stochastics value for PRN.CA is a neutral value.
Average True Range in percent/ATR (20)	7.35	HIGH VOLATILITY	The high ATR as a percentage value for PRN.CA suggests high volalility.
Average Directional Index/ADX (14)	44.51	POSITIVE	The high ADX value value for PRN.CA suggests a strong trend.