PSYENCE BIOMEDICAL LTD (PBM) Technical Analysis
NASDAQ:PBM • CA74449F4078
Overall PBM gets a technical rating of 0 out of 10. PBM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than PBM.
- PBM is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 91% are performing better than PBM.
- PBM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so PBM is lagging the market.
- In the last month PBM has a been trading in the 1.92 - 3.10 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.
PBM has a poor technical rating and the quality of the setup is also only medium at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
2.44
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.54 to 2.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.66 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 | 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 | 0.77 | NEGATIVE | PBM has a low relative strength, it was outperformed by 99.23% 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) | 35.79 | NEUTRAL | The RSI value for PBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PBM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.56 | NEUTRAL | The Stochastics value for PBM is a neutral value. |
| Average True Range in percent/ATR (20) | 9.69 | HIGH VOLATILITY | The high ATR as a percentage value for PBM suggests high volalility. |
| Average Directional Index/ADX (14) | 29.04 | POSITIVE | The high ADX value value for PBM suggests a strong trend. |
PBM Technicals: Chart, Performance Metrics, Trend & Indicators
2.46
-0.03 (-1.2%)
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 35.7938. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PSYENCE BIOMEDICAL LTD?
The MACD indicator for PSYENCE BIOMEDICAL LTD (PBM) has a value of 0.103759, 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 2.54. Check the full technical report for our detailed analysis of PBM support and resistance levels.