PAXMEDICA INC (PXMD) Stock Technical Analysis
USA - NASDAQ:PXMD - US70424C2035 - Common Stock
Taking everything into account, PXMD scores 3 out of 10 in our technical rating. 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.
Although the technical rating is bad, PXMD does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
0.41
We found 3 important support areas.
- 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.
2 important resistance areas can be observed.
- Resistance @0.75 from a horizontal line in the daily time frame.
- Resistance @0.83 from a trend 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 | 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. |
0.6883
-0.06 (-7.61%)
PAXMEDICA INC / PXMD FAQ
What is the ChartMill technical rating of PAXMEDICA INC (PXMD) stock?
ChartMill assigns a technical rating of 3 / 10 to PXMD.
What is the current trend direction of PAXMEDICA INC (PXMD) stock?
The current trend direction for PAXMEDICA INC (PXMD) is Bearish.
What is the RSI signal for PXMD stock?
PAXMEDICA INC (PXMD) has an RSI value of 52.0457. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PAXMEDICA INC?
The MACD indicator for PAXMEDICA INC (PXMD) has a value of 0.00220239, indicating a bearish trend.
Can you provide the short term momentum for PAXMEDICA INC?
The short term momentum for PAXMEDICA INC (PXMD) is neutral.