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(PMD) Psychemedics Corporation complete technical analysis [charts+indicators] | Buy/Sell Psychemedics Corporation | (PMD) share price targets

Complete technical analysis of Psychemedics Corporation (PMD) by charts plus indicators, forecast predictions and share price targets for Psychemedics Corporation (PMD)

Psychemedics Corporation trades in USA in Health Care sector.

Showing technical analysis as on 2024-05-21 View latest technical analysis

10 day averaged volume of Psychemedics Corporation is 5334

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	2.62	2.62	2.62	2.59	0.431 times
20 Mon May 2024	2.60	2.58	2.60	2.58	0.143 times
17 Fri May 2024	2.58	2.57	2.68	2.57	0.552 times
16 Thu May 2024	2.56	2.61	2.63	2.56	1.862 times
15 Wed May 2024	2.57	2.65	2.66	2.57	0.543 times
14 Tue May 2024	2.65	2.53	2.65	2.53	0.881 times
10 Fri May 2024	2.55	2.55	2.55	2.55	0.206 times
09 Thu May 2024	2.59	2.55	2.59	2.55	0.356 times
08 Wed May 2024	2.54	2.54	2.54	2.54	0.412 times
07 Tue May 2024	2.53	2.65	2.65	2.53	4.668 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2.6, but if it comes below 2.6, then a intra day sell could be more profitable.
If you take a sell trade below 2.6, then use 2.6 as stoploss and 2.58 as target. However if you take a buy trade in stock , then use 2.6 as stoploss and 2.7 as target.

Share price targets for Psychemedics Corporation (PMD)

Target Type	Value
Downside Target	2.51
Upside Target	2.75
Upside Target	2.85
Upside Target	2.86
Upside Target	2.92
Upside Target	2.93
Upside Target	3.29
Upside Target	3.44
Upside Target	3.93

Intraday share price targets for Psychemedics Corporation (PMD)

Target Type	Value
Downside Intraday Target	2.59
Downside Intraday Target	2.57
Upside Intraday Target	2.63
Upside Intraday Target	2.65
Downside Intraday Target	2.61

Weekly technical analysis of Psychemedics Corporation (PMD)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	2.62	2.58	2.62	2.58	0.15 times
17 Fri May 2024	2.58	2.53	2.68	2.53	0.638 times
10 Fri May 2024	2.55	2.55	2.65	2.53	1.211 times
03 Fri May 2024	2.55	2.67	2.75	2.52	2.208 times
26 Fri Apr 2024	2.55	2.65	2.75	2.54	0.343 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Psychemedics Corporation (PMD)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Tue May 2024	2.62	2.70	2.70	2.53	0.477 times
30 Tue Apr 2024	2.59	2.93	2.93	2.51	0.501 times
28 Thu Mar 2024	2.93	3.16	3.29	2.86	1.494 times
29 Thu Feb 2024	3.16	3.21	3.44	2.85	0.411 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Psychemedics Corporation (PMD)

Price action analysis of Psychemedics Corporation ( (PMD) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Psychemedics Corporation ( (PMD) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Psychemedics Corporation ( (PMD) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Psychemedics Corporation ( (PMD) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Psychemedics Corporation stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Psychemedics Corporation in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Psychemedics Corporation Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Psychemedics Corporation in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Psychemedics Corporation is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.56 and Psychemedics Corporation (PMD) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Psychemedics Corporation (PMD) stock. Volume based technical analysis of Psychemedics Corporation (PMD) stock is negative.

Psychemedics Corporation Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.