PAINREFORM - Daily - Technical analysis published on 07/22/2021 (GMT)
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- Timeframe : Daily
- - 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:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
56%
22%
22%
My opinion
Bullish above 4.14 USD
My targets
5.40 USD (+19.21%)
6.81 USD (+50.33%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on PAINREFORM as long as the price remains well above 4.14 USD. The buyers' bullish objective is set at 5.40 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 6.81 USD.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.2
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This analysis was given by aba0550. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PAINREFORM price is 4.53 USD. On the day, this instrument gained +44.27% and was traded between 4.53 USD and 4.78 USD over the period. The price is currently at 0% from its lowest and -5.23% from its highest.4.53
4.78
4.53
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of PAINREFORM in Daily shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
White line without lower shadow
Type : Bullish
Timeframe : Daily
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
Long white line
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 2.74 | 3.11 | 4.14 | 4.53 | 5.40 | 6.81 |
| Change (%) | -39.51% | -31.35% | -8.61% | - | +19.21% | +50.33% |
| Change | -1.79 | -1.42 | -0.39 | - | +0.87 | +2.28 |
| Level | Major | Major | Minor | - | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
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): | 57.18 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 28.18 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 2.92 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.47 | |
| Elder Ray (13): | 0.74 | |
| Super Trend (3,10): | 3.24 | |
| Zig ZAG (10): | 3.14 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 36.32 | |
| TEMA (21): | 2.98 | |
| Williams %R (14): | -68.87 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | -44.7800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.06 |
| MA7: | 2.95 | |
| MA20: | 2.91 | |
| MA50: | 2.84 | |
| MA100: | 3.55 | |
| MAexp7: | 2.97 | |
| MAexp20: | 2.91 | |
| MAexp50: | 3.02 | |
| MAexp100: | 3.42 | |
| Price / MA7: | +53.56% | |
| Price / MA20: | +55.67% | |
| Price / MA50: | +59.51% | |
| Price / MA100: | +27.61% | |
| Price / MAexp7: | +52.53% | |
| Price / MAexp20: | +55.67% | |
| Price / MAexp50: | +50.00% | |
| Price / MAexp100: | +32.46% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on PAINREFORM at the time of the analysis were 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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