We assign a technical rating of 6 out of 10 to PLMR. In the past year, PLMR was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
PLMR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
108.80
We found 3 important support areas.
- Support @115.76 from a trend line in the weekly time frame.
- 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.
- A support zone ranging from 109.90 to 109.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 124.53 to 125.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 128.28 to 129.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @132.46 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The short term trend for PLMR is up. |
| ChartMill Relative Strength | 69.47 | NEUTRAL | PLMR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLMR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLMR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PLMR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.89 | NEUTRAL | The RSI value for PLMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests PLMR has a negative trend. |
| Stochastics (14,3) | 37.35 | NEUTRAL | The Stochastics value for PLMR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for PLMR suggests some volalility. |
| Average Directional Index/ADX (14) | 18.13 | NEGATIVE | The low ADX value for PLMR suggests a weak or negative 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 |
|---|---|---|---|
| 125.33 | 118.99 | 6.34 (5.06%) | 19.77% |
| An entry @125.33. This is a Buy Stop order right above the resistance zone. | An exit @118.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.34 points, which is 5.06%. | When investing 19.77% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
124.21
+0.26 (+0.21%)
PALOMAR HOLDINGS INC / PLMR FAQ
Can you provide the ChartMill technical rating for PALOMAR HOLDINGS INC?
ChartMill assigns a technical rating of 6 / 10 to PLMR.
What is the trend direction for 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 53.8867. This indicates that the stock is currently neutral.
What are the support and resistance levels for PALOMAR HOLDINGS INC (PLMR) stock?
PALOMAR HOLDINGS INC (PLMR) has a support level at 115.76 and a resistance level at 124.53. Check the full technical report for our detailed analysis of PLMR support and resistance levels.