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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 2024-09-11 View latest technical analysis

10 day averaged volume of Psychemedics Corporation is 51991

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	2.28	2.28	2.28	2.27	0.544 times
10 Tue Sep 2024	2.28	2.29	2.30	2.27	0.798 times
09 Mon Sep 2024	2.29	2.28	2.30	2.28	0.627 times
06 Fri Sep 2024	2.28	2.29	2.29	2.27	0.562 times
05 Thu Sep 2024	2.30	2.28	2.31	2.28	0.769 times
04 Wed Sep 2024	2.27	2.28	2.30	2.27	1.962 times
03 Tue Sep 2024	2.30	2.30	2.31	2.28	0.198 times
30 Fri Aug 2024	2.30	2.31	2.31	2.29	1.623 times
30 Fri Aug 2024	2.30	2.31	2.31	2.29	1.623 times
29 Thu Aug 2024	2.29	2.28	2.30	2.28	1.229 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.3, but if it comes above 2.3, then a intra day buy could be more profitable.
If you take a sell trade below 2.3, then use 2.3 as stoploss and 2.3 as target. However if you take a buy trade in stock , then use 2.3 as stoploss and 2.29 as target.

Share price targets for Psychemedics Corporation (PMD)

Target Type	Value
Downside Target	1.63
Downside Target	2.05
Downside Target	2.23
Upside Target	2.31
Upside Target	2.36
Upside Target	2.45
Upside Target	2.50
Upside Target	2.55
Upside Target	2.70

Intraday share price targets for Psychemedics Corporation (PMD)

Target Type	Value
Downside Intraday Target	2.27
Downside Intraday Target	2.25
Upside Intraday Target	2.3
Upside Intraday Target	2.31
Upside Intraday Target	2.28

Weekly technical analysis of Psychemedics Corporation (PMD)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Sep 2024	2.28	2.28	2.30	2.27	0.564 times
06 Fri Sep 2024	2.28	2.30	2.31	2.27	2.15 times
30 Fri Aug 2024	2.30	2.31	2.31	2.29	0.392 times
30 Fri Aug 2024	2.30	2.28	2.31	2.28	2.217 times
23 Fri Aug 2024	2.28	2.28	2.30	2.26	0.104 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
11 Wed Sep 2024	2.28	2.30	2.31	2.27	0.201 times
30 Fri Aug 2024	2.30	2.33	2.45	1.63	14.076 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

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 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 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 neutral. A longer time frame might give a better analysis.

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.

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 green color and prices are in or below the green 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 but buying is losing 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 2.29 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.