PALOMAR HOLDINGS INC (PLMR) Stock Technical Analysis
NASDAQ:PLMR - Nasdaq - US69753M1053 - Common Stock - Currency: USD
Overall PLMR gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PLMR is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, PLMR did better than 95% of all other stocks. On top of that, PLMR also shows a nice and consistent pattern of rising prices.
PLMR is part of the Insurance industry. There are 143 other stocks in this industry. PLMR outperforms 95% of them.
PLMR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PLMR is performing more or less in line with the market.
In the last month PLMR has a been trading in the 153.43 - 175.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although PLMR has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
104.53
162.54
4 important support areas can be observed.
- A support zone ranging from 155.09 to 156.86. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @146.55 from a trend line in the daily time frame.
- Support @112.29 from a trend line in the weekly time frame.
- Support @105.59 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for PLMR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PLMR is neutral. |
| ChartMill Relative Strength | 95.56 | POSITIVE | PLMR has a high relative strength, it outperformed 95.56% 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) | UP | POSITIVE | The current price of PLMR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLMR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.11 | NEUTRAL | The RSI value for PLMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.67 | NEGATIVE | The MACD value suggests PLMR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.28 | NEUTRAL | The Stochastics value for PLMR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for PLMR suggests some volalility. |
| Average Directional Index/ADX (14) | 20.13 | NEUTRAL | The ADX value for PLMR suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 165.61 | 155.08 | 10.53 (6.36%) | 15.72% |
| An entry @165.61. This is a Buy Stop order right above the 10 day moving average. | An exit @155.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.53 points, which is 6.36%. | When investing 15.72% 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.
160.93
-0.14 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.09%
1 Week-3.05%
2 Weeks-6.15%
1 Month2.58%
3 Month22.13%
6 Month46.74%
12 Month100.84%
2 Year177.27%
3 Year149.89%
5 Year87.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.19
ATR(20)%3.13%
ATR Inc-42.4%
Range Today2.73
ADR(20)4.88
ADR(20)%3.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.56
Mansfield3.53
10 Day High175.85
10 Day Low153.43
20 Day High175.85
20 Day Low153.43
52 Week High175.85
52 Week Low77.28
CS1 End156.86
CR1 StartN/A
Volume & EV
DER(3)1.93%
DER(5)1.66%
Volume182.90K
Volume Incr12.55%
Vol(5)306.46K
Vol(50)336.11K