PROVENTION BIO INC (PRVB) Technical Analysis
NASDAQ:PRVB • US74374N1028
Current stock price
PRVB Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to PRVB. Both in the recent history as in the last year, PRVB 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.
- When comparing the yearly performance of all stocks, we notice that PRVB is one of the better performing stocks in the market, outperforming 99% of all stocks. On top of that, PRVB also shows a nice and consistent pattern of rising prices.
- PRVB is part of the Pharmaceuticals industry. There are 192 other stocks in this industry. PRVB outperforms 98% of them.
- A new 52 week high is currently being made by PRVB, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so PRVB is leading the market.
- PRVB has an average volume of 2918380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PRVB has a been trading in a tight range between 23.92 and 25.00.
PRVB Weekly and Daily overview Charts
PRVB Setup Rating and Analysis
Although PRVB has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
PRVB Support and Resistance Analysis
23.99
When analyzing the support we notice one important area.
- A support zone ranging from 24.23 to 24.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
PRVB 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 PRVB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRVB is up. |
| ChartMill Relative Strength | 99.85 | POSITIVE | PRVB has a high relative strength, it outperformed 99.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRVB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRVB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRVB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.19 | OVERBOUGHT | The high RSI value suggests PRVB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests PRVB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.85 | NEUTRAL | The Stochastics value for PRVB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for PRVB suggests low volalility. |
| Average Directional Index/ADX (14) | 66.57 | POSITIVE | The high ADX value value for PRVB suggests a strong trend. |
PRVB Chart- and CandleStick Pattern Analysis
PRVB Technicals: Chart, Performance Metrics, Trend & Indicators
24.98
+0.75 (+3.1%)
PROVENTION BIO INC / PRVB TA FAQ
What is the technical rating for PRVB stock?
ChartMill assigns a technical rating of 10 / 10 to PRVB.
What is the current trend direction of PROVENTION BIO INC (PRVB) stock?
The current trend direction for PROVENTION BIO INC (PRVB) is Bullish.
What is the RSI signal for PRVB stock?
PROVENTION BIO INC (PRVB) has an RSI value of 80.187. This indicates that the stock is currently overbought.
What is the buy/sell signal for PROVENTION BIO INC (PRVB) stock?
The buy/sell signal for PROVENTION BIO INC (PRVB) is buy as both the short term and long term trends are positive.
What is the support and resistance level for PRVB stock?
PROVENTION BIO INC (PRVB) has a support level at 24.41. Check the full technical report for our detailed analysis of PRVB support and resistance levels.