PAXMEDICA INC (PXMD) Technical Analysis
NASDAQ:PXMD • US70424C2035
Current stock price
PXMD Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to PXMD. Recently some decent action could be observed, but in the medium term time frame this is still negative. PXMD was also a bad performer in the overall market in the last year.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 89% of all other stocks performed better in the past year than PXMD.
- PXMD is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, of which 67% are performing better than PXMD.
- PXMD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- PXMD has an average volume of 3015070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PXMD has a been trading in the 0.40 - 1.19 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.
PXMD Weekly and Daily overview Charts
PXMD Setup Rating and Analysis
Although the technical rating is bad, PXMD does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for PXMD in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
PXMD Support and Resistance Analysis
0.41
3 important support areas can be observed.
- A support zone ranging from 0.68 to 0.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.53 from a trend line in the weekly time frame.
- Support @0.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @0.75 from a horizontal line in the daily time frame.
- Resistance @0.83 from a trend line in the daily time frame.
PXMD 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 | DOWN | NEGATIVE | The long term trend for PXMD is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PXMD is neutral. |
| ChartMill Relative Strength | 11.79 | NEGATIVE | PXMD has a low relative strength, it was outperformed by 88.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PXMD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PXMD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PXMD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.05 | NEUTRAL | The RSI value for PXMD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PXMD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.1 | NEUTRAL | The Stochastics value for PXMD is a neutral value. |
| Average True Range in percent/ATR (20) | 18.97 | HIGH VOLATILITY | The high ATR as a percentage value for PXMD suggests high volalility. |
| Average Directional Index/ADX (14) | 31.69 | POSITIVE | The high ADX value value for PXMD suggests a strong trend. |
PXMD Chart- and CandleStick Pattern Analysis
PXMD Technicals: Chart, Performance Metrics, Trend & Indicators
0.6883
-0.06 (-7.61%)
PAXMEDICA INC / PXMD TA FAQ
What is the ChartMill technical rating of PAXMEDICA INC (PXMD) stock?
ChartMill assigns a technical rating of 3 / 10 to PXMD.
Can you provide the trend direction for PAXMEDICA INC?
The current trend direction for PAXMEDICA INC (PXMD) is Bearish.
What is the RSI signal for PAXMEDICA INC (PXMD) stock?
PAXMEDICA INC (PXMD) has an RSI value of 52.0457. This indicates that the stock is currently neutral.
What is the short term momentum for PXMD stock?
The short term momentum for PAXMEDICA INC (PXMD) is neutral.