4.1 USD
-0.17 (-3.98%)
4.096 USD
0 (-0.1%)
Taking everything into account, PRME scores 5 out of 10 in our technical rating. Although PRME has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month PRME has a been trading in the 3.17 - 4.42 range, which is quite wide. It is currently trading near the high of this range.
PRME has an average volume of 3991120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PRME did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
PRME is an average performer in the Biotechnology industry, it outperforms 63% of 529 stocks in the same industry.
PRME is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRME is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, PRME does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
3.29
6.09
We found 3 important support areas.
- A support zone ranging from 3.73 to 3.73. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 3.42 to 3.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.32 to 3.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @4.34 from a horizontal line in the daily time frame.
- Resistance @6.03 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for PRME is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRME is up. |
| ChartMill Relative Strength | 85.32 | POSITIVE | PRME has a high relative strength, it outperformed 85.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRME is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.15 | NEUTRAL | The RSI value for PRME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests PRME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.19 | OVERBOUGHT | The high Stochastics value suggests PRME may be overbought. |
| Average True Range in percent/ATR (20) | 8.32 | HIGH VOLATILITY | The high ATR as a percentage value for PRME suggests high volalility. |
| Average Directional Index/ADX (14) | 15.68 | NEGATIVE | The low ADX value for PRME suggests a weak or negative trend. |
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)
4.1
-0.17 (-3.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.98%
1 Week9.63%
2 Weeks7.33%
1 Month23.12%
3 Month0.74%
6 Month180.82%
12 Month42.36%
2 Year-53.72%
3 Year-77.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.32
ATR(20)%8.32%
ATR Inc-10.18%
Range Today0.31
ADR(20)0.33
ADR(20)%8.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.32
3 months CRS52.19
6 months CRS98.15
Mansfield2.1
10 Day High4.42
10 Day Low3.26
20 Day High4.42
20 Day Low3.17
52 Week High6.94
52 Week Low1.11
CS1 End3.73
CR1 Start4.34
Volume & EV
DER(3)-3.78%
DER(5)-2.68%
Volume2.18M
Volume Incr-19.86%
Vol(5)3.30M
Vol(50)3.99M
PRIME MEDICINE INC / PRME FAQ
What is the ChartMill technical rating of PRIME MEDICINE INC (PRME) stock?
ChartMill assigns a technical rating of 5 / 10 to PRME.
What is the trend direction for PRME stock?
The current trend direction for PRIME MEDICINE INC (PRME) is Bearish.
What is the RSI signal for PRME stock?
PRIME MEDICINE INC (PRME) has an RSI value of 51.1463. This indicates that the stock is currently neutral.
What is the MACD signal for PRIME MEDICINE INC (PRME) stock?
The MACD indicator for PRIME MEDICINE INC (PRME) has a value of 0.118724, indicating a bearish trend.