POSEIDA THERAPEUTICS INC (PSTX) Technical Analysis
NASDAQ:PSTX • US73730P1084
Current stock price
PSTX Technical Rating and Analysis
Overall PSTX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PSTX is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- PSTX is one of the better performing stocks in the Biotechnology industry, it outperforms 94% of 517 stocks in the same industry.
- PSTX is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PSTX is leading the market.
- PSTX has an average volume of 1996100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that PSTX is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month PSTX has a been trading in a tight range between 9.35 and 9.67.
- Volume is considerably higher in the last couple of days.
PSTX Weekly and Daily overview Charts
PSTX Setup Rating and Analysis
PSTX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 9.50, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
PSTX Support and Resistance Analysis
9.30
We found 1 important support area.
- A support zone ranging from 9.39 to 9.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 9.51 to 9.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
PSTX 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 PSTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSTX is up. |
| ChartMill Relative Strength | 98.96 | POSITIVE | PSTX has a high relative strength, it outperformed 98.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.33 | OVERBOUGHT | The high RSI value suggests PSTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests PSTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.43 | NEUTRAL | The Stochastics value for PSTX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for PSTX suggests low volalility. |
| Average Directional Index/ADX (14) | 67.45 | POSITIVE | The high ADX value value for PSTX suggests a strong trend. |
PSTX Chart- and CandleStick Pattern Analysis
PSTX Example Setup
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 |
|---|---|---|---|
| 9.62 | 9.38 | 0.24 (2.49%) | 25.00% |
| An entry @9.62. This is a Buy Stop order right above the resistance zone. | An exit @9.38. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.24 points, which is 2.49%. | For a 0.62% 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.
PSTX Technicals: Chart, Performance Metrics, Trend & Indicators
9.5
-0.06 (-0.63%)
POSEIDA THERAPEUTICS INC / PSTX TA FAQ
What is the ChartMill technical rating of POSEIDA THERAPEUTICS INC (PSTX) stock?
ChartMill assigns a technical rating of 9 / 10 to PSTX.
Can you provide the trend direction for POSEIDA THERAPEUTICS INC?
The current trend direction for POSEIDA THERAPEUTICS INC (PSTX) is Bullish.
Can you provide the RSI signal for POSEIDA THERAPEUTICS INC?
POSEIDA THERAPEUTICS INC (PSTX) has an RSI value of 75.331. This indicates that the stock is currently overbought.
What is the buy/sell signal for PSTX stock?
The buy/sell signal for POSEIDA THERAPEUTICS INC (PSTX) is buy as both the short term and long term trends are positive.
What is the support and resistance level for PSTX stock?
POSEIDA THERAPEUTICS INC (PSTX) has a support level at 9.5 and a resistance level at 9.51. Check the full technical report for our detailed analysis of PSTX support and resistance levels.