Technical Analysis for PRAX - Praxis Precision Medicines, Inc.

Grade Last Price % Change Price Change
D 45.44 3.27% 1.44
PRAX closed down 4.14 percent on Wednesday, May 15, 2024, on 2.71 times normal volume. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Outside Day Range Expansion 3.27%
Gapped Up Strength 3.27%
Oversold Stochastic Weakness 3.27%
Earnings Movers Other -1.00%
Inside Day Range Contraction -1.00%
Oversold Stochastic Weakness -1.00%
Stochastic Reached Oversold Weakness 0.55%
Earnings Movers Other 0.55%
Down 3 Days in a Row Weakness 0.55%
Down 4 Days in a Row Weakness 0.55%

   Recent Intraday Alerts

Alert Time
Up 5% 41 minutes ago
60 Minute Opening Range Breakout about 1 hour ago
Up 3% about 1 hour ago
2x Volume Pace about 1 hour ago
1.5x Volume Pace about 1 hour ago

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Profile

Praxis Precision Medicines, Inc. Description

Praxis Precision Medicines, Inc., a clinical-stage biopharmaceutical company, develops therapies for central nervous system disorders characterized by neuronal imbalance. Its lead product candidates include PRAX-114, an extrasynaptic-preferring GABAA receptor positive allosteric modulator that is in Phase IIa clinical trial for the treatment of major depressive disorder and perimenopausal depression; and PRAX-944, a selective small molecule inhibitor of T-type calcium channels, which is in Phase IIa clinical trial for the treatment of essential tremor. The company is also developing PRAX-562, a persistent sodium current blocker that is in Phase I clinical trial to treat severe pediatric epilepsy and adult cephalgia; PRAX-222, an antisense oligonucleotide for patients with gain-of-function (GOF) SCN2A epilepsy; and KCNT1 program for the treatment of KCNT1 GOF epilepsy. It has a cooperation and license agreement with RogCon Inc.; a license agreement Purdue Neuroscience Company; and a research collaboration, option, and license agreement with Ionis Pharmaceuticals, Inc. The company was incorporated in 2015 and is based in Cambridge, Massachusetts.


Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Biopharmaceutical Neuroscience Central Nervous System Disorders Precision Medicine Epilepsy Depression Major Depressive Disorder Nervous System Disorders Depressive Disorder Huntington's Disease Oligonucleotide Treatment Of Major Depressive Disorder Spinal Muscular Atrophy Neuron Antisense RNA Essential Tremor Receptor Positive Ionis Perimenopausal Depression

Is PRAX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 67.21
52 Week Low 12.45
Average Volume 259,062
200-Day Moving Average 32.16
50-Day Moving Average 53.01
20-Day Moving Average 50.74
10-Day Moving Average 49.90
Average True Range 3.57
RSI (14) 34.21
ADX 17.14
+DI 14.30
-DI 25.06
Chandelier Exit (Long, 3 ATRs) 47.70
Chandelier Exit (Short, 3 ATRs) 54.56
Upper Bollinger Bands 58.20
Lower Bollinger Band 43.28
Percent B (%b) 0.05
BandWidth 29.41
MACD Line -1.56
MACD Signal Line -0.54
MACD Histogram -1.0225
Fundamentals Value
Market Cap 573.64 Million
Num Shares 13 Million
EPS -29.55
Price-to-Earnings (P/E) Ratio -1.49
Price-to-Sales 298.20
Price-to-Book 6.77
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 49.66
Resistance 3 (R3) 50.29 49.03 48.72
Resistance 2 (R2) 49.03 47.59 48.72 48.40
Resistance 1 (R1) 46.52 46.70 45.89 45.89 48.09
Pivot Point 45.26 45.26 44.94 44.94 45.26
Support 1 (S1) 42.74 43.82 42.11 42.11 39.91
Support 2 (S2) 41.48 42.93 41.17 39.60
Support 3 (S3) 38.97 41.48 39.28
Support 4 (S4) 38.34