PSYENCE BIOMEDICAL LTD (PBM) Technical Analysis
NASDAQ:PBM • CA74449F4078
Current stock price
PBM Technical Rating and Analysis
Taking everything into account, PBM scores 1 out of 10 in our technical rating. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 98% of all other stocks performed better in the past year than PBM.
- PBM is part of the Biotechnology industry. There are 517 other stocks in this industry, of which 86% 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.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month PBM has a been trading in the 2.26 - 2.75 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PBM Weekly and Daily overview Charts
PBM Setup Rating and Analysis
PBM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.68. Right above this resistance zone may be a good entry point.
More info and screens
PBM Support and Resistance Analysis
2.32
When analyzing the support we can see 3 important areas.
- Support @2.65 from a horizontal line in the daily time frame.
- A support zone ranging from 2.39 to 2.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.34 to 2.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.68 to 2.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
PBM 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 PBM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PBM is neutral. |
| ChartMill Relative Strength | 2.63 | NEGATIVE | PBM has a low relative strength, it was outperformed by 97.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PBM is above the rising 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) | 52.89 | NEUTRAL | The RSI value for PBM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PBM has a positive trend. |
| Stochastics (14,3) | 68.06 | NEUTRAL | The Stochastics value for PBM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for PBM suggests high volalility. |
| Average Directional Index/ADX (14) | 17.61 | NEGATIVE | The low ADX value for PBM suggests a weak or negative trend. |
PBM Chart- and CandleStick Pattern Analysis
PBM Technicals: Chart, Performance Metrics, Trend & Indicators
2.67
+0.17 (+6.8%)
PSYENCE BIOMEDICAL LTD / PBM TA FAQ
Can you provide the ChartMill technical rating for PSYENCE BIOMEDICAL LTD?
ChartMill assigns a technical rating of 1 / 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 PSYENCE BIOMEDICAL LTD (PBM) stock?
PSYENCE BIOMEDICAL LTD (PBM) has an RSI value of 52.8935. This indicates that the stock is currently neutral.
What are the support and resistance levels for PSYENCE BIOMEDICAL LTD (PBM) stock?
PSYENCE BIOMEDICAL LTD (PBM) has a support level at 2.65 and a resistance level at 2.68. Check the full technical report for our detailed analysis of PBM support and resistance levels.