PINC Technical Analysis - PREMIER INC-CLASS A

Technical Rating and Analysis

Taking everything into account, PINC scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, PINC has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, PINC did better than 88% of all other stocks. We also observe that the gains produced by PINC over the past year are nicely spread over this period.

PINC is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry. PINC outperforms 84% of them.

PINC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

PINC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

PINC has an average volume of 1880770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

PREMIER INC-CLASS A / PINC Weekly stock chart

PREMIER INC-CLASS A / PINC Daily stock chart

Setup Rating and Analysis

PINC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

22.31

28.53

4 important support areas can be observed.

Support @26.58 from a trend line in the daily time frame.
A support zone ranging from 25.59 to 25.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @22.97 from a trend line in the daily time frame.
Support @22.54 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 27.81 to 28.25. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	UP	POSITIVE	The short term trend for PINC is up.
ChartMill Relative Strength	88.19	POSITIVE	PINC has a high relative strength, it outperformed 88.19% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PINC is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PINC is above 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)	64.53	NEUTRAL	The RSI value for PINC is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests PINC has a negative trend.
Stochastics (14,3)	80.22	OVERBOUGHT	The high Stochastics value suggests PINC may be overbought.
Average True Range in percent/ATR (20)	2.51	MEDIUM VOLATILITY	The ATR as a percentage value for PINC suggests some volalility.
Average Directional Index/ADX (14)	45.95	POSITIVE	The high ADX value value for PINC suggests a strong trend.