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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 2024-08-22 View latest technical analysis

10 day averaged volume of Psychemedics Corporation is 102862

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	2.27	2.27	2.28	2.27	0.041 times
21 Wed Aug 2024	2.28	2.27	2.28	2.26	0.365 times
20 Tue Aug 2024	2.29	2.29	2.29	2.26	0.386 times
19 Mon Aug 2024	2.29	2.28	2.30	2.28	0.082 times
16 Fri Aug 2024	2.29	2.27	2.30	2.27	0.799 times
15 Thu Aug 2024	2.27	2.29	2.31	2.26	1.383 times
14 Wed Aug 2024	2.29	2.31	2.33	2.23	1.484 times
13 Tue Aug 2024	2.33	2.27	2.34	2.19	4.612 times
12 Mon Aug 2024	1.83	1.68	1.85	1.68	0.77 times
09 Fri Aug 2024	1.65	1.64	1.65	1.64	0.007 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 2.3 as stoploss in an intra day sell trade for a target of 2.09. However, stock will show a bullish move above 2.3.

Share price targets for Psychemedics Corporation (PMD)

Target Type	Value
Downside Target	1.63
Downside Target	1.68
Downside Target	2.00
Downside Target	2.04
Downside Target	2.23
Upside Target	2.45
Upside Target	2.50
Upside Target	2.51
Upside Target	2.55
Upside Target	2.70
Upside Target	2.93

Intraday share price targets for Psychemedics Corporation (PMD)

Target Type	Value
Downside Intraday Target	2.25
Downside Intraday Target	2.24
Upside Intraday Target	2.29
Upside Intraday Target	2.32
Upside Intraday Target	2.28

Weekly technical analysis of Psychemedics Corporation (PMD)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	2.27	2.28	2.30	2.26	0.097 times
16 Fri Aug 2024	2.29	1.68	2.34	1.68	17.396 times
09 Fri Aug 2024	1.65	1.84	2.04	1.63	1.092 times
02 Fri Aug 2024	2.00	2.14	2.45	2.00	1.721 times
26 Fri Jul 2024	2.05	2.34	2.34	2.05	1.015 times

Price has moved down 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
22 Thu Aug 2024	2.27	2.33	2.45	1.63	11.016 times
31 Wed Jul 2024	2.28	2.47	2.50	2.05	1.278 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

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 short to mid 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 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 and the buy signal is strong.

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

Psychemedics Corporation Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 2.27 and Psychemedics Corporation (PMD) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.