PROFOUND MEDICAL CORP (PRN.CA) Stock Technical Analysis
TSX:PRN - Toronto Stock Exchange - CA74319B5027 - Common Stock - Currency: CAD
Overall PRN gets a technical rating of 1 out of 10. PRN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, PRN is a bad performer in the overall market: 75% of all stocks are doing better.
PRN is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: PRN has an average volume of 6200 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
PRN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
PRN is an average performer in the Health Care Equipment & Supplies industry, it outperforms 50% of 15 stocks in the same industry.
Although the technical rating is bad, PRN does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for PRN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.71
15.14
When analyzing the support we notice one important area.
- A support zone ranging from 9.81 to 9.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 10.04 to 10.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.61 to 10.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.27 from a trend line in the daily time frame.
- Resistance @13.01 from a trend line in the weekly time frame.
- Resistance @14.99 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.43
Mansfield-1.32
10 Day High10.85
10 Day Low9.75
20 Day High10.93
20 Day Low7.9
52 Week High15.75
52 Week Low7.9
Performance
1 Week0.2%
2 Weeks-6.51%
1 Month11.98%
3 Month-7.04%
6 Month-11.04%
12 Month-9%
2 Year-20.91%
3 Year-11.91%
5 Year-26.81%
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)0.04
RSI(14)48.95
LBB9.68
UBB10.77
TSX:PRN (3/7/2025, 7:00:00 PM)
9.91
-0.43 (-4.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-4.16%
1 Week0.2%
2 Weeks-6.51%
1 Month11.98%
3 Month-7.04%
6 Month-11.04%
12 Month-9%
2 Year-20.91%
3 Year-11.91%
5 Year-26.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%4.66%
ATR Inc-2.69%
Range Today0.61
ADR(20)0.42
ADR(20)%4.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.43
Mansfield-1.32
10 Day High10.85
10 Day Low9.75
20 Day High10.93
20 Day Low7.9
52 Week High15.75
52 Week Low7.9
CS1 End9.88
CR1 Start10.04
Volume & EV
DER(3)12.08%
DER(5)4.57%
Volume7.36K
Volume Incr-35.06%
Vol(5)3.46K
Vol(50)6.20K