PMV Pharmaceuticals Inc (PMVP): Price Now Near $30; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for PMVP

Currently, PMVP (Get Ratings)’s price is up $0.17 (0.57%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

PMVP ranks 159th in terms of today’s price percentage change out of Pharmaceutical Products stocks.

PMVP’s Technical Outlook on the Daily Chart

Currently, PMVP’s price is up $0.13 (0.44%) from the day prior. PMVP has seen its price go up 8 out of the past 10 days, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. PMV Pharmaceuticals Inc’s price action over the past 90 days can be seen via the chart below.

PMVP

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PMVP: Daily RSI Analysis

  • For PMVP, its RSI is now at 100.
  • PMVP and RSI both have consistent trends, as they are both heading up.

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