PROFOUND MEDICAL CORP (PROF) Stock Technical Analysis
NASDAQ:PROF - Nasdaq - CA74319B5027 - Common Stock - Currency: USD
Overall PROF gets a technical rating of 1 out of 10. PROF'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.
89% of all other stocks performed better in the past year than PROF.
PROF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PROF has a been trading in the 5.40 - 6.22 range, which is quite wide. It is currently trading near the lows of this range.
PROF is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, PROF did better than 43% of them.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, PROF does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for PROF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.40
11.09
When analyzing the support we can see 2 important areas.
- Support @5.54 from a horizontal line in the weekly time frame.
- Support @5.45 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 5.67 to 5.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.04 from a trend line in the weekly time frame.
- Resistance @6.28 from a trend line in the daily time frame.
- Resistance @10.98 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for PROF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PROF is down. |
| ChartMill Relative Strength | 11.93 | NEGATIVE | PROF has a low relative strength, it was outperformed by 88.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PROF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PROF is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PROF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.5 | NEUTRAL | The RSI value for PROF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests PROF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.63 | OVERSOLD | The low Stochastics value suggests PROF may be oversold. |
| Average True Range in percent/ATR (20) | 4.7 | MEDIUM VOLATILITY | The ATR as a percentage value for PROF suggests some volalility. |
| Average Directional Index/ADX (14) | 15.23 | NEGATIVE | The low ADX value for PROF suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
5.55
0 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.09%
1 Week-5.76%
2 Weeks-2.37%
1 Month-8.7%
3 Month6.12%
6 Month-13.95%
12 Month-43.77%
2 Year-51.53%
3 Year-35.54%
5 Year-64.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%4.7%
ATR Inc-0.47%
Range Today0.2
ADR(20)0.26
ADR(20)%4.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.93
Mansfield-2.52
10 Day High6.04
10 Day Low5.4
20 Day High6.22
20 Day Low5.4
52 Week High10.25
52 Week Low3.9
CS1 End5.54
CR1 Start5.67
Volume & EV
DER(3)6.22%
DER(5)3.19%
Volume36.10K
Volume Incr-27%
Vol(5)26.20K
Vol(50)41.65K