PAINREFORM - 15 min. - Technical analysis published on 07/22/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 4.09 USD
My targets
5.39 USD (+14.74%)
6.17 USD (+31.21%)
My analysis
A bullish trend on PAINREFORM both in substance and in the short term. A purchase could be considered as long as the price remains above 4.09 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 5.39 USD. Then the price could move towards 6.17 USD. Then 6.81 USD by extension. Be careful, a return below 4.09 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.6
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Additional analysis
Quotes
The PAINREFORM price is 4.70 USD. On the day, this instrument gained +49.68% and was between 4.70 USD and 4.78 USD. This implies that the price is at 0% from its lowest and at -1.67% from its highest.4.70
4.78
4.70
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PAINREFORM:
Technical
Technical analysis of PAINREFORM in 15 min. shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.46 | 4.14 | 4.62 | 4.70 | 5.40 | 6.81 |
| Change (%) | -26.38% | -11.91% | -1.70% | - | +14.89% | +44.89% |
| Change | -1.24 | -0.56 | -0.08 | - | +0.70 | +2.11 |
| Level | Minor | Minor | Minor | - | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.47 | 1.59 | 2.37 | 3.49 | 4.27 | 5.39 | 6.17 |
| Camarilla | 2.62 | 2.79 | 2.97 | 3.14 | 3.31 | 3.49 | 3.66 |
| Woodie | 0.29 | 1.51 | 2.19 | 3.41 | 4.09 | 5.31 | 5.99 |
| Fibonacci | 1.59 | 2.32 | 2.77 | 3.49 | 4.22 | 4.67 | 5.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.69 | 2.17 | 2.49 | 2.97 | 3.29 | 3.77 | 4.09 |
| Camarilla | 2.58 | 2.65 | 2.73 | 2.80 | 2.87 | 2.95 | 3.02 |
| Woodie | 1.60 | 2.13 | 2.40 | 2.93 | 3.20 | 3.73 | 4.00 |
| Fibonacci | 2.17 | 2.48 | 2.67 | 2.97 | 3.28 | 3.47 | 3.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.80 | 2.23 | 2.53 | 2.96 | 3.26 | 3.69 | 3.99 |
| Camarilla | 2.62 | 2.69 | 2.75 | 2.82 | 2.89 | 2.95 | 3.02 |
| Woodie | 1.73 | 2.20 | 2.46 | 2.93 | 3.19 | 3.66 | 3.92 |
| Fibonacci | 2.23 | 2.51 | 2.68 | 2.96 | 3.24 | 3.41 | 3.69 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.34 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | 9.92 | |
| AROON (14): | 64.29 | |
| DEMA (21): | 3.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.76 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 3.32 | |
| Zig ZAG (10): | 3.08 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 80.56 | |
| TEMA (21): | 3.04 | |
| Williams %R (14): | -38.79 | |
| Chande Momentum Oscillator (20): | -0.01 | |
| Repulse (5,40,3): | -2.9100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 0.28 |
| MA7: | 2.95 | |
| MA20: | 2.91 | |
| MA50: | 2.84 | |
| MA100: | 3.55 | |
| MAexp7: | 3.10 | |
| MAexp20: | 3.08 | |
| MAexp50: | 3.09 | |
| MAexp100: | 3.03 | |
| Price / MA7: | +59.32% | |
| Price / MA20: | +61.51% | |
| Price / MA50: | +65.49% | |
| Price / MA100: | +32.39% | |
| Price / MAexp7: | +51.61% | |
| Price / MAexp20: | +52.60% | |
| Price / MAexp50: | +52.10% | |
| Price / MAexp100: | +55.12% |
Quotes :
-
15 min delayed data
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NASDAQ Stocks
News
The last news published on PAINREFORM at the time of the generation of this analysis was as follows:
- PainReform Provides Business Update for the First Quarter of 2021
- PainReform Provides Year-End Business Update and Reports Progress Towards Commencing Phase 3 Trial of PRF-110 for Non-Opiate Post-Operative Pain Relief
- PainReform to Participate at M Vest LLC and Maxim Group LLC Inaugural Emerging Growth Virtual Conference
- PainReform Announces $6.0 Million Private Placement
- PainReform to Present at the H.C. Wainwright BioConnect 2021 Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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