PROVENTION BIO INC (PRVB) Stock Technical Analysis
USA - NASDAQ:PRVB - US74374N1028 - Common Stock
Overall PRVB gets a technical rating of 10 out of 10. 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.
Although PRVB has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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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.
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. |
24.98
+0.75 (+3.1%)
PROVENTION BIO INC / PRVB FAQ
What is the technical rating for PRVB stock?
ChartMill assigns a technical rating of 10 / 10 to PRVB.
What is the trend direction for 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 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.