PREMIER INC-CLASS A (PINC) Stock Technical Analysis
USA - NASDAQ:PINC - US74051N1028 - Common Stock
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.
Besides having an excellent technical rating, PINC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PINC in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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23.03
When analyzing the support we can see 3 important areas.
- A support zone ranging from 27.51 to 28.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @24.00 from a trend line in the daily time frame.
- A support zone ranging from 23.26 to 23.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.16 to 28.25. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The short term trend for PINC is up. |
| ChartMill Relative Strength | 85.09 | POSITIVE | PINC has a high relative strength, it outperformed 85.09% 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) | 61.72 | NEUTRAL | The RSI value for PINC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PINC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 82.77 | OVERBOUGHT | The high Stochastics value suggests PINC may be overbought. |
| Average True Range in percent/ATR (20) | 0.38 | LOW VOLATILITY | The low ATR as a percentage value for PINC suggests low volalility. |
| Average Directional Index/ADX (14) | 37.61 | POSITIVE | The high ADX value value for PINC suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 28.26 | 28.04 | 0.22 (0.78%) | 25.00% |
| An entry @28.26. This is a Buy Stop order right above the resistance zone. | An exit @28.04. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.22 points, which is 0.78%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.19%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
28.15
+0.01 (+0.04%)
PREMIER INC-CLASS A / PINC FAQ
Can you provide the ChartMill technical rating for PREMIER INC-CLASS A?
ChartMill assigns a technical rating of 10 / 10 to PINC.
Can you provide the trend direction for PREMIER INC-CLASS A?
The current trend direction for PREMIER INC-CLASS A (PINC) is Bullish.
Can you provide the RSI signal for PREMIER INC-CLASS A?
PREMIER INC-CLASS A (PINC) has an RSI value of 61.7218. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PREMIER INC-CLASS A?
The buy/sell signal for PREMIER INC-CLASS A (PINC) is buy as both the short term and long term trends are positive.
What is the support and resistance level for PINC stock?
PREMIER INC-CLASS A (PINC) has a support level at 28.14 and a resistance level at 28.16. Check the full technical report for our detailed analysis of PINC support and resistance levels.