Pharmaceutical Resources (PRX) Stock Technical Analysis
NYSE:PRX
Taking everything into account, PRX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, PRX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, PRX did better than 95% of all other stocks. On top of that, PRX also shows a nice and consistent pattern of rising prices.
- PRX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PRX has a been trading in a tight range between 49.78 and 50.00.
- Volume is considerably higher in the last couple of days.
PRX has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
49.23
When analyzing the support we notice one important area.
- A support zone ranging from 49.73 to 49.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- Strong resistance @50.20 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for PRX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRX is up. |
| ChartMill Relative Strength | 95.63 | POSITIVE | PRX has a high relative strength, it outperformed 95.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PRX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRX is above the rising SMA(200). |
| Average True Range in percent/ATR (20) | 0.12 | LOW VOLATILITY | The low ATR as a percentage value for PRX 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 |
|---|---|---|---|
| 50.01 | 49.84 | 0.17 (0.34%) | 25.00% |
| An entry @50.01. This is a Buy Stop order right above the 10 day high. | An exit @49.84. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.17 points, which is 0.34%. | For a 0.08% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
49.98
+0.02 (+0.04%)
Pharmaceutical Resources / PRX FAQ
Can you provide the ChartMill technical rating for Pharmaceutical Resources?
ChartMill assigns a technical rating of 9 / 10 to PRX.
Can you provide the trend direction for Pharmaceutical Resources?
The current trend direction for Pharmaceutical Resources (PRX) is Bullish.
Can you provide the RSI signal for Pharmaceutical Resources?
Pharmaceutical Resources (PRX) has an RSI value of null. This indicates that the stock is currently oversold.
Can you provide the buy/sell signal for Pharmaceutical Resources?
The buy/sell signal for Pharmaceutical Resources (PRX) is buy as both the short term and long term trends are positive.