Principia Biopharma Inc (PRNB) Technical Analysis
NASDAQ:PRNB
Current stock price
PRNB Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to PRNB. Both in the recent history as in the last year, PRNB 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.
- Looking at the yearly performance, PRNB did better than 98% of all other stocks. We also observe that the gains produced by PRNB over the past year are nicely spread over this period.
- PRNB is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PRNB is leading the market.
- PRNB is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- PRNB has an average volume of 1635750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PRNB has a been trading in a tight range between 99.76 and 100.81.
PRNB Weekly and Daily overview Charts
PRNB Setup Rating and Analysis
PRNB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 100.04, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
PRNB Support and Resistance Analysis
56.85
5 important support areas can be observed.
- A support zone ranging from 99.85 to 100.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.97 from a trend line in the daily time frame.
- Support @64.46 from a trend line in the weekly time frame.
- Support @62.89 from a trend line in the daily time frame.
- Support @57.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 100.66 to 101.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
PRNB 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 PRNB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRNB is up. |
| ChartMill Relative Strength | 98.45 | POSITIVE | PRNB has a high relative strength, it outperformed 98.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PRNB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRNB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRNB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.96 | NEUTRAL | The RSI value for PRNB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.66 | NEGATIVE | The MACD value suggests PRNB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.9 | NEUTRAL | The Stochastics value for PRNB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for PRNB suggests low volalility. |
PRNB Chart- and CandleStick Pattern Analysis
PRNB Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 100.40 | 99.87 | 0.53 (0.53%) | 25.00% |
| An entry @100.40. This is a Buy Stop order right above the 10 day high. | An exit @99.87. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.53 points, which is 0.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.13%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PRNB Technicals: Chart, Performance Metrics, Trend & Indicators
100.05
+0.1 (+0.1%)
Principia Biopharma Inc / PRNB TA FAQ
What is the ChartMill technical rating of Principia Biopharma Inc (PRNB) stock?
ChartMill assigns a technical rating of 9 / 10 to PRNB.
What is the trend direction for PRNB stock?
The current trend direction for Principia Biopharma Inc (PRNB) is Bullish.
Can you provide the RSI signal for Principia Biopharma Inc?
Principia Biopharma Inc (PRNB) has an RSI value of 65.9563. This indicates that the stock is currently neutral.
What is the MACD signal for Principia Biopharma Inc (PRNB) stock?
The MACD indicator for Principia Biopharma Inc (PRNB) has a value of -0.661116, indicating a bearish trend.
What is the support and resistance level for PRNB stock?
Principia Biopharma Inc (PRNB) has a support level at 100.04 and a resistance level at 100.66. Check the full technical report for our detailed analysis of PRNB support and resistance levels.