PRAX Stock Price Prediction

Praxis Precision Medicines Inc

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38.060

-0.030(-0.080%)

Overview
Forecast
Valuation

Should I Buy Praxis Precision Medicines Inc Stock?

Based on our evaluation of the five key dimensions—Technical Signals, Moving Average trends, Short Sell Data, Similar Chart Pattern Matching and Seasonality Analysis—we have identified the following insights. PRAX has several positive signals and is within a rising trend, so we believe it will perform strongly in the next couple of days or weeks. We therefore hold a positive evaluation of this stock. Our analysis conclusion for this stock is a Strong Buy candidate.

PRAX stock price ended at $38.06 on Thursday, after losing -0.08%

The Praxis Precision Medicines Inc stock price decreased by -0.08% on the last trading day (08 May 2025), dropping from 38.18 to 38.06. Throughout the last trading session, the stock experienced a fluctuation of 6.40% , ranging from a day low of $36.625 to a day high of 38.97. The price has declined in 3 of the last 10 days, resulting in a total change of 5.72% during this period. On the last day, trading volume decrease by -358.87K shares, with the falling prices. This could serve as an early warning, indicating that risk may slightly increase in the coming days. In total, 301.63K shares were traded, amounting to approximately 11.45M.

PRAX Technical Signals

PRAX(Praxis Precision Medicines Inc Corp) has 3 buy signals and 0 sell signals now. The current trend is uptrend starting from 2025-04-09. The total price change during this trend is +23.34%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of PRAX over the last 5 trading days is 18.18M. Overall, the technical indicator signals lean more toward a Bullish outlook in the mid-term.

PRAX Moving Average Analysis

Praxis Precision Medicines Inc's overall moving average trend leans more bearish as of Friday, May 9, 2025, with 3 negative signals and 1 positive signal. In the mid-term, the SMA_20 being below the SMA_60 signals a strong bearish trend. There will be some resistance from the lines at $41.50672, and $43.814. A break-up above any of these levels will issue buy signals. There will be some support from the lines at $34.04128, and $31.734. A break-down below any of these levels will issue sell signals.

PRAX Short Selling Analysis

The short sale ratio of Praxis Precision Medicines Inc(PRAX) as of 07 May 2025 is 22.92%, rising from last trading day. With increasing price from 35.17 to 38.09. The short sell activity indicate that short sellers may be anticipating a price reversion.

Technical Signal

Technical Signals Summary

Buy

Sell

Buy

Moving Average

Swing

Negative

Stock Price Below SMA_5

Short Term

Positive

SMA_5 Above SMA_20

Mid Term

Negative

SMA_20 Below SMA_60

Long Term

Negative

SMA_60 Below SMA_200

Short Selling

Close Price

Short Sale Ratio

Short Sale Volume

3 Bullish Signals

When Value satisfies Signal, Indicator signals Bullish

Indicators

Signal

Value

Meaning

Awesome Oscillator (5, 34)

AO_5_34 > 0

3.08

Bullish

Momentum (10 days)

MOM_10 > 0

2.05

Bullish

Moving Average Convergence Divergence (12, 26, 9)

MACD_12_26_9 > 0

0.0317

Bullish

0 Bearish Signals

When Value satisfies Signal, Indicator signals Bearish

No Data

PRAX Price Prediction & Forecast by Similar Chart Analysis

Based on historical patterns and backtesting of stocks with similar movements to Praxis Precision Medicines Inc(PRAX), our algorithm predicts PRAX's 1-month price at $40.97, with an 1.82%upwardshift. Using a similarity score up to 96.19%and other factors, This forecast updates weekly, adjusting for significant deviations.

Similar Chart

The price prediction chart for Praxis Precision Medicines Inc (PRAX.O) stock, as of Sunday, May 4, 2025 , forecasts a 1.82% change over the next month, based on its high correlation with MMI.N stock patterns. The similarity between their price movements over the analyzed periods is 96.19%. The right panel lists other stocks with similar price patterns. This prediction is updated every week.

PRAX

Future prediction

Up: 1.82%

MMI

Up: 1.82%Similarity: 96.19%

Name

Similarity

Up/Down

MMI.N

96.19%

+1.82%

CNK.N

96.19%

-8.82%

PSN.N

95.67%

-2.68%

RBBN.O

95.61%

+29.64%

WBA.O

95.58%

-4.13%

SAM.N

95.52%

+6.97%

ATNI.O

95.43%

-2.26%

SHW.N

95.41%

-2.08%

RRGB.O

95.34%

+0.24%

SOHO.O

95.31%

+11.06%

PRAX Seasonality Analysis

Based on PRAX's historical stock price data across all years, the probability of a positive return in May is40.00%, suggesting it maynotbe an ideal month to invest in PRAX. In contrast,Decemberoffers the highest probability of positive returns at80.00%, making it a potentially strong month for investment.

However, this is only a prediction based on one method, and a comprehensive assessment of the stock's future trend should consider additional factors. Our final stock price commentary incorporates three main evaluation dimensions: technical signals, Moving Average trends, and similar chart pattern matching, with the first two dimensions carrying the primary weight to ensure a more robust and accurate forecast.

Monthly Seasonality

The radar chart shows that buying Praxis Precision Medicines Inc (PRAX.O) stock in December has the highest probability of a positive return (80.00%), while February has the lowest probability (20.00%).

Performance Seasonality

The chart shows Praxis Precision Medicines Inc. (PRAX)'s annual stock price return for the past three years, helping you analyze price trends and identify recurring trends on an annual basis.