PALOMAR HOLDINGS INC (PLMR) Technical Analysis
NASDAQ:PLMR • US69753M1053
Current stock price
PLMR Technical Rating and Analysis
Taking everything into account, PLMR scores 4 out of 10 in our technical rating. In the last year, PLMR was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 78% of all other stocks performed better in the past year than PLMR.
- PLMR is part of the Insurance industry. There are 147 other stocks in this industry, of which 62% are performing better than PLMR.
- PLMR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- In the last month PLMR has a been trading in the 115.23 - 136.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PLMR Weekly and Daily overview Charts
PLMR Setup Rating and Analysis
PLMR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 120.26, a Stop Loss order could be placed below this zone.
More info and screens
PLMR Support and Resistance Analysis
112.12
3 important support areas can be observed.
- A support zone ranging from 117.50 to 120.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @115.43 from a horizontal line in the daily time frame.
- Support @113.25 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 126.54 to 126.87. 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 130.12 to 132.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @134.97 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 137.32 to 137.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
PLMR 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 | 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 | 22.63 | NEGATIVE | PLMR has a low relative strength, it was outperformed by 77.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PLMR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PLMR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PLMR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.84 | NEUTRAL | The RSI value for PLMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests PLMR has a negative trend. |
| Stochastics (14,3) | 49.31 | NEUTRAL | The Stochastics value for PLMR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.25 | MEDIUM VOLATILITY | The ATR as a percentage value for PLMR suggests some volalility. |
| Average Directional Index/ADX (14) | 26.17 | POSITIVE | The high ADX value value for PLMR suggests a strong trend. |
PLMR Chart- and CandleStick Pattern Analysis
PLMR Technicals: Chart, Performance Metrics, Trend & Indicators
126.07
-2.63 (-2.04%)
PALOMAR HOLDINGS INC / PLMR TA FAQ
Can you provide the ChartMill technical rating for PALOMAR HOLDINGS INC?
ChartMill assigns a technical rating of 4 / 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.
What is the RSI signal for PLMR stock?
PALOMAR HOLDINGS INC (PLMR) has an RSI value of 48.8423. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PALOMAR HOLDINGS INC?
The MACD indicator for PALOMAR HOLDINGS INC (PLMR) has a value of -0.138583, indicating a bearish trend.