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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 2024-08-14 View latest technical analysis

10 day averaged volume of Psychemedics Corporation is 63850

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	2.29	2.31	2.33	2.23	2.39 times
13 Tue Aug 2024	2.33	2.27	2.34	2.19	7.43 times
12 Mon Aug 2024	1.83	1.68	1.85	1.68	1.24 times
09 Fri Aug 2024	1.65	1.64	1.65	1.64	0.011 times
08 Thu Aug 2024	1.64	1.88	1.88	1.63	0.182 times
07 Wed Aug 2024	1.85	1.80	1.91	1.80	0.089 times
06 Tue Aug 2024	1.81	1.75	2.04	1.75	0.144 times
05 Mon Aug 2024	1.70	1.84	1.84	1.68	0.412 times
02 Fri Aug 2024	2.00	2.24	2.24	2.00	0.447 times
01 Thu Aug 2024	2.27	2.33	2.45	2.27	0.02 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 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 2.08. 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	2.18
Downside Target	2.23
Upside Target	2.34
Upside Target	2.45
Upside Target	2.47
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	1.87
Downside Intraday Target	1.44
Upside Intraday Target	2.53
Upside Intraday Target	2.76
Downside Intraday Target	2.1

Weekly technical analysis of Psychemedics Corporation (PMD)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	2.29	1.68	2.34	1.68	13.2 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
19 Fri Jul 2024	2.30	2.32	2.47	2.18	2.528 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Psychemedics Corporation (PMD)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	2.29	2.33	2.45	1.63	7.879 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 up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Psychemedics Corporation ( (PMD) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 BUY. Signal strength is Strong and stock is gaining 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. Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Psychemedics Corporation in short term but SELL signal is weak.

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 2.22 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 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.