PRAXIS PRECISION MEDICINES I (PRAX) Stock Technical Analysis
NASDAQ:PRAX - Nasdaq - US74006W2070 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to PRAX. In the last year, PRAX was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that PRAX is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, PRAX also shows a nice and consistent pattern of rising prices.
PRAX is one of the better performing stocks in the Biotechnology industry, it outperforms 90% of 572 stocks in the same industry.
PRAX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PRAX is lagging the market slightly.
In the last month PRAX has a been trading in the 70.80 - 91.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although PRAX has an excellent technical rating, the quality of the presented setup is not ideal 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
61.35
75.23
When analyzing the support we can see 4 important areas.
- Support @68.40 from a trend line in the daily time frame.
- Support @67.15 from a trend line in the weekly time frame.
- Support @65.61 from a trend line in the daily time frame.
- Support @61.97 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.74
Mansfield1.53
10 Day High91.83
10 Day Low74.3
20 Day High91.83
20 Day Low70.8
52 Week High91.83
52 Week Low33.01
Performance
1 Week-14.04%
2 Weeks-14.78%
1 Month-4.01%
3 Month-0.01%
6 Month47.94%
12 Month78.89%
2 Year62.02%
3 Year-62.09%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-1.1
RSI(14)42.8
LBB75.19
UBB92.23
74.49
-5.05 (-6.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-6.35%
1 Week-14.04%
2 Weeks-14.78%
1 Month-4.01%
3 Month-0.01%
6 Month47.94%
12 Month78.89%
2 Year62.02%
3 Year-62.09%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.44
ATR(20)%7.47%
ATR Inc-5.78%
Range Today6.66
ADR(20)5.45
ADR(20)%7.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.74
Mansfield1.53
10 Day High91.83
10 Day Low74.3
20 Day High91.83
20 Day Low70.8
52 Week High91.83
52 Week Low33.01
CS1 End68.4
CR1 StartN/A
Volume & EV
DER(3)-1.23%
DER(5)-1.08%
Volume496.90K
Volume Incr31.69%
Vol(5)496.74K
Vol(50)383.55K