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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 2024-07-30 View latest technical analysis

10 day averaged volume of Psychemedics Corporation is 6004

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	2.15	2.19	2.19	2.15	2.215 times
29 Mon Jul 2024	2.20	2.14	2.25	2.14	0.716 times
26 Fri Jul 2024	2.05	2.17	2.17	2.05	0.683 times
25 Thu Jul 2024	2.17	2.21	2.25	2.16	1.366 times
24 Wed Jul 2024	2.24	2.25	2.28	2.16	1.399 times
23 Tue Jul 2024	2.27	2.30	2.30	2.25	0.949 times
22 Mon Jul 2024	2.33	2.34	2.34	2.31	0.345 times
19 Fri Jul 2024	2.30	2.30	2.30	2.25	1.22 times
18 Thu Jul 2024	2.33	2.38	2.41	2.18	0.575 times
17 Wed Jul 2024	2.41	2.30	2.47	2.30	0.598 times

Stock of Psychemedics Corporation (PMD) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.2, but if it comes above 2.2, then a intra day buy could be more profitable.
If you take a sell trade below 2.2, then use 2.2 as stoploss and 2.1 as target. However if you take a buy trade in stock , then use 2.2 as stoploss and 2.31 as target.

Share price targets for Psychemedics Corporation (PMD)

Target Type	Value
Downside Target	2.05
Downside Target	2.14
Upside Target	2.23
Upside Target	2.32
Upside Target	2.47
Upside Target	2.50
Upside Target	2.51
Upside Target	2.55
Upside Target	2.70
Upside Target	2.86
Upside Target	2.93
Upside Target	3.29

Intraday share price targets for Psychemedics Corporation (PMD)

Target Type	Value
Downside Intraday Target	2.11
Downside Intraday Target	2.07
Upside Intraday Target	2.22
Upside Intraday Target	2.29
Upside Intraday Target	2.18

Weekly technical analysis of Psychemedics Corporation (PMD)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	2.15	2.14	2.25	2.14	0.618 times
26 Fri Jul 2024	2.05	2.34	2.34	2.05	1.015 times
19 Fri Jul 2024	2.30	2.32	2.47	2.18	2.528 times
12 Fri Jul 2024	2.37	2.48	2.50	2.32	3.364 times
05 Fri Jul 2024	2.43	2.34	2.48	2.33	0.327 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
30 Tue Jul 2024	2.15	2.47	2.50	2.05	1.258 times
28 Fri Jun 2024	2.42	2.43	2.55	2.23	0.632 times
31 Fri May 2024	2.40	2.70	2.70	2.36	0.96 times
30 Tue Apr 2024	2.59	2.93	2.93	2.51	0.501 times

Scroll below to view daily charts

Price has moved down 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Psychemedics Corporation ( (PMD) ) based on a short to mid 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.

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 SELL signal for Psychemedics Corporation in short term and the sell signal is strong.

Psychemedics Corporation Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 coming down

CCI has generated a SELL signal for Psychemedics Corporation in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.22 and Psychemedics Corporation (PMD) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative 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.