Taking everything into account, PBM scores 0 out of 10 in our technical rating. PBM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than PBM.
- PBM is part of the Biotechnology industry. There are 528 other stocks in this industry, of which 92% are performing better than PBM.
- PBM 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.
- In the last month PBM has a been trading in the 0.66 - 1.55 range, which is quite wide. It is currently trading near the lows of this range.
- PBM has an average volume of 1691370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
PBM has a poor technical rating and the quality of the setup is also 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
0.77
We found 1 important resistance area.
- A resistance zone ranging from 0.79 to 0.80. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for PBM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PBM is down. |
| ChartMill Relative Strength | 0.49 | NEGATIVE | PBM has a low relative strength, it was outperformed by 99.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PBM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PBM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PBM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.04 | OVERSOLD | The low RSI value suggests PBM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PBM has a positive trend. |
| Stochastics (14,3) | 32.89 | NEUTRAL | The Stochastics value for PBM is a neutral value. |
| Average True Range in percent/ATR (20) | 14.42 | HIGH VOLATILITY | The high ATR as a percentage value for PBM suggests high volalility. |
| Average Directional Index/ADX (14) | 45.37 | POSITIVE | The high ADX value value for PBM suggests a strong trend. |
0.7825
-0.01 (-1.54%)
PSYENCE BIOMEDICAL LTD / PBM FAQ
Can you provide the ChartMill technical rating for PSYENCE BIOMEDICAL LTD?
ChartMill assigns a technical rating of 0 / 10 to PBM.
What is the trend direction for PBM stock?
The current trend direction for PSYENCE BIOMEDICAL LTD (PBM) is Bearish.
What is the RSI signal for PBM stock?
PSYENCE BIOMEDICAL LTD (PBM) has an RSI value of 29.0375. This indicates that the stock is currently oversold.
Can you provide the MACD signal for PSYENCE BIOMEDICAL LTD?
The MACD indicator for PSYENCE BIOMEDICAL LTD (PBM) has a value of 0.0411646, indicating a bearish trend.
Can you provide the support and resistance levels for PSYENCE BIOMEDICAL LTD?
PSYENCE BIOMEDICAL LTD (PBM) has a resistance level at 0.79. Check the full technical report for our detailed analysis of PBM support and resistance levels.