Principia Biopharma Inc (PRNB) Stock Technical Analysis
USA - NASDAQ:PRNB -
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.
Besides having an excellent technical rating, PRNB 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. Another positive sign is the recent Pocket Pivot signal.
- 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
56.85
We found 5 important support areas.
- 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.
We found 1 important resistance 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.
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. |
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.
100.05
+0.1 (+0.1%)
Principia Biopharma Inc / PRNB FAQ
What is the ChartMill technical rating of Principia Biopharma Inc (PRNB) stock?
ChartMill assigns a technical rating of 9 / 10 to PRNB.
Can you provide the trend direction for Principia Biopharma Inc?
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 short term momentum for PRNB stock?
The short term momentum for Principia Biopharma Inc (PRNB) is positive.
What is the buy/sell signal for PRNB stock?
The buy/sell signal for Principia Biopharma Inc (PRNB) is buy as both the short term and long term trends are positive.