PROF Technical Analysis - PROFOUND MEDICAL CORP

Technical Rating and Analysis

Taking everything into account, PROF scores 6 out of 10 in our technical rating. In the last year, PROF was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, PROF is a bad performer in the overall market: 84% of all stocks are doing better.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

PROF is part of the Health Care Equipment & Supplies industry. There are 191 other stocks in this industry, PROF did better than 47% of them.

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

In the last month PROF has a been trading in the 4.01 - 7.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed 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 / PROF Weekly stock chart

PROFOUND MEDICAL CORP / PROF Daily stock chart

Setup Rating and Analysis

PROF 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

5.45

11.09

When analyzing the support we notice one important area.

A support zone ranging from 5.50 to 5.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

3 important resistance areas can be observed.

Resistance @5.88 from a horizontal line in the weekly time frame.
A resistance zone ranging from 6.71 to 6.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @10.98 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 PROF is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PROF is up.
ChartMill Relative Strength	16.39	NEGATIVE	PROF has a low relative strength, it was outperformed by 83.61% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PROF is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PROF is above 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)	52.73	NEUTRAL	The RSI value for PROF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests PROF has a negative trend.
Stochastics (14,3)	37.09	NEUTRAL	The Stochastics value for PROF is a neutral value.
Average True Range in percent/ATR (20)	9.03	HIGH VOLATILITY	The high ATR as a percentage value for PROF suggests high volalility.
Average Directional Index/ADX (14)	38.2	POSITIVE	The high ADX value value for PROF suggests a strong trend.