PBM Technical Analysis - PSYENCE BIOMEDICAL LTD

Technical Rating and Analysis

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.

99% of all other stocks performed better in the past year than PBM.

PBM is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 88% 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 2.90 - 4.76 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PSYENCE BIOMEDICAL LTD / PBM Weekly stock chart

PSYENCE BIOMEDICAL LTD / PBM Daily stock chart

Setup Rating and Analysis

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.85

5.41

3 important support areas can be observed.

A support zone ranging from 3.47 to 3.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 3.06 to 3.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @2.88 from a trend line in the daily time frame.

2 important resistance areas can be observed.

Resistance @4.01 from a trend line in the daily time frame.
Resistance @5.36 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The short term trend for PBM is down.
ChartMill Relative Strength	1.67	NEGATIVE	PBM has a low relative strength, it was outperformed by 98.33% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of PBM is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of PBM is above 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)	49.42	NEUTRAL	The RSI value for PBM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests PBM has a positive trend, although the MACD value is declining.
Stochastics (14,3)	34.14	NEUTRAL	The Stochastics value for PBM is a neutral value.
Average True Range in percent/ATR (20)	10.23	HIGH VOLATILITY	The high ATR as a percentage value for PBM suggests high volalility.
Average Directional Index/ADX (14)	19.2	NEGATIVE	The low ADX value for PBM suggests a weak or negative trend.