PREMIER INC-CLASS A (PINC) Stock Technical Analysis
NASDAQ:PINC - Nasdaq - US74051N1028 - Common Stock - Currency: USD
Overall PINC gets a technical rating of 4 out of 10. PINC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month PINC has a been trading in the 21.43 - 23.49 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that PINC is one of the better performing stocks in the market, outperforming 77% of all stocks.
PINC is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry. PINC outperforms 70% of them.
PINC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PINC is lagging the market slightly.
PINC has an average volume of 1524060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Volume is considerably higher in the last couple of days.
PINC has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.80, a Stop Loss order could be placed below this zone.
More info and screens
21.48
23.57
When analyzing the support we notice one important area.
- A support zone ranging from 21.70 to 21.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 22.54 to 23.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PINC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PINC is down. |
| ChartMill Relative Strength | 77.86 | POSITIVE | PINC has a high relative strength, it outperformed 77.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PINC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PINC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PINC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.41 | NEUTRAL | The RSI value for PINC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests PINC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.26 | OVERSOLD | The low Stochastics value suggests PINC may be oversold. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for PINC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.27 | POSITIVE | The high ADX value value for PINC suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
21.81
-0.04 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.18%
1 Week-2.07%
2 Weeks-3.07%
1 Month-4.72%
3 Month13.95%
6 Month0.05%
12 Month16.82%
2 Year-21.15%
3 Year-38.87%
5 Year-36.38%
10 Year-43.29%
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%2.17%
ATR Inc7.58%
Range Today0.67
ADR(20)0.47
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.86
Mansfield-0.08
10 Day High22.73
10 Day Low21.43
20 Day High23.49
20 Day Low21.43
52 Week High23.56
52 Week Low17.23
CS1 End21.8
CR1 Start22.54
Volume & EV
DER(3)1.57%
DER(5)0.83%
Volume1.98M
Volume Incr44.64%
Vol(5)2.28M
Vol(50)1.52M