PALOMAR HOLDINGS INC (PLMR) Technical Analysis
NASDAQ:PLMR • US69753M1053
We assign a technical rating of 1 out of 10 to PLMR. PLMR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, PLMR is a bad performer in the overall market: 74% of all stocks are doing better.
- PLMR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PLMR is lagging the market.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- PLMR is an average performer in the Insurance industry, it outperforms 52% of 149 stocks in the same industry.
- In the last month PLMR has a been trading in the 117.00 - 136.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PLMR has a bad 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 123.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 122.61, a Stop Loss order could be placed below this zone.
More info and screens
108.80
When analyzing the support we can see 4 important areas.
- Support @122.61 from a trend line in the daily time frame.
- A support zone ranging from 118.98 to 120.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 112.26 to 113.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @109.90 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 123.28 to 128.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @130.63 from a horizontal line in the daily time frame.
- A resistance zone ranging from 134.97 to 137.33. 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 | NEUTRAL | NEUTRAL | The long term trend for PLMR is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PLMR is neutral. |
| ChartMill Relative Strength | 26.68 | NEGATIVE | PLMR has a low relative strength, it was outperformed by 73.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLMR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PLMR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PLMR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.18 | NEUTRAL | The RSI value for PLMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests PLMR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.49 | NEUTRAL | The Stochastics value for PLMR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.58 | MEDIUM VOLATILITY | The ATR as a percentage value for PLMR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.52 | NEGATIVE | The low ADX value for PLMR suggests a weak or negative trend. |
PLMR Technicals: Chart, Performance Metrics, Trend & Indicators
122.81
-4.51 (-3.54%)
PALOMAR HOLDINGS INC / PLMR FAQ
Can you provide the ChartMill technical rating for PALOMAR HOLDINGS INC?
ChartMill assigns a technical rating of 1 / 10 to PLMR.
What is the current trend direction of PALOMAR HOLDINGS INC (PLMR) stock?
The current trend direction for PALOMAR HOLDINGS INC (PLMR) is Bearish.
Can you provide the RSI signal for PALOMAR HOLDINGS INC?
PALOMAR HOLDINGS INC (PLMR) has an RSI value of 45.1845. This indicates that the stock is currently neutral.
What is the MACD signal for PLMR stock?
The MACD indicator for PALOMAR HOLDINGS INC (PLMR) has a value of 0.207195, indicating a bearish trend.
What is the support and resistance level for PLMR stock?
PALOMAR HOLDINGS INC (PLMR) has a support level at 122.61 and a resistance level at 123.28. Check the full technical report for our detailed analysis of PLMR support and resistance levels.