We assign a technical rating of 10 out of 10 to PCRX. In the last year, PCRX was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although PCRX has an excellent technical rating, it does not offer a high 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.
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20.88
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.80 to 23.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.29 from a trend line in the weekly time frame.
- A support zone ranging from 21.59 to 21.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.09 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @26.41 from a trend line in the weekly time frame.
- A resistance zone ranging from 27.12 to 27.25. 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 | NEUTRAL | NEUTRAL | The long term trend for PCRX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PCRX is up. |
| ChartMill Relative Strength | 80.28 | POSITIVE | PCRX has a high relative strength, it outperformed 80.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PCRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PCRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PCRX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.71 | OVERBOUGHT | The high RSI value suggests PCRX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests PCRX has a positive trend. |
| Stochastics (14,3) | 91.87 | OVERBOUGHT | The high Stochastics value suggests PCRX may be overbought. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for PCRX suggests some volalility. |
| Average Directional Index/ADX (14) | 25.18 | POSITIVE | The high ADX value value for PCRX suggests a strong trend. |
26.29
+0.56 (+2.18%)
PACIRA BIOSCIENCES INC / PCRX FAQ
What is the ChartMill technical rating of PACIRA BIOSCIENCES INC (PCRX) stock?
ChartMill assigns a technical rating of 10 / 10 to PCRX.
What is the current trend direction of PACIRA BIOSCIENCES INC (PCRX) stock?
The current trend direction for PACIRA BIOSCIENCES INC (PCRX) is Bearish.
What is the RSI signal for PACIRA BIOSCIENCES INC (PCRX) stock?
PACIRA BIOSCIENCES INC (PCRX) has an RSI value of 72.7101. This indicates that the stock is currently overbought.
What is the short term momentum for PACIRA BIOSCIENCES INC (PCRX) stock?
The short term momentum for PACIRA BIOSCIENCES INC (PCRX) is positive.
What are the support and resistance levels for PACIRA BIOSCIENCES INC (PCRX) stock?
PACIRA BIOSCIENCES INC (PCRX) has a support level at 23.16 and a resistance level at 26.41. Check the full technical report for our detailed analysis of PCRX support and resistance levels.