PSYENCE BIOMEDICAL LTD (PBM) Stock Technical Analysis
NASDAQ:PBM • CA74449F4078
We assign a technical rating of 0 out of 10 to PBM. 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.
- When comparing the yearly performance of all stocks, PBM is a bad performer in the overall market: 100% of all stocks are doing better.
- PBM is one of the lesser performing stocks in the Biotechnology industry. 91% of 521 stocks in the same industry do better.
- 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 1.92 - 12.64 range, which is quite wide. It is currently trading near the lows of this range.
- PBM has an average volume of 1188830 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.
The technical rating of PBM is bad and it also does not present a quality setup 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
2.51
We found 1 important resistance area.
- Resistance @2.63 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 | 0.81 | NEGATIVE | PBM has a low relative strength, it was outperformed by 99.19% 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) | 35.59 | 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. |
| Stochastics (14,3) | 42.89 | NEUTRAL | The Stochastics value for PBM is a neutral value. |
| Average True Range in percent/ATR (20) | 33.79 | HIGH VOLATILITY | The high ATR as a percentage value for PBM suggests high volalility. |
| Average Directional Index/ADX (14) | 35.38 | POSITIVE | The high ADX value value for PBM suggests a strong trend. |
2.54
-0.08 (-3.05%)
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 35.5934. 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 0.100236, 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 2.63. Check the full technical report for our detailed analysis of PBM support and resistance levels.