PALOMAR HOLDINGS INC (PLMR) Technical Analysis
NASDAQ:PLMR • US69753M1053
Current stock price
PLMR Technical Rating and Analysis
Taking everything into account, PLMR scores 0 out of 10 in our technical rating. PLMR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, PLMR is a bad performer in the overall market: 78% 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.
- PLMR is part of the Insurance industry. There are 147 other stocks in this industry, PLMR did better than 41% of them.
- In the last month PLMR has a been trading in the 114.75 - 127.71 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
Although the technical rating is bad, PLMR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 116.47, a Stop Loss order could be placed below this zone.
More info and screens
PLMR Support and Resistance Analysis
111.14
2 important support areas can be observed.
- A support zone ranging from 115.43 to 116.47. This zone is formed by a combination of multiple trend lines in the daily 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 119.21 to 126.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 130.63 to 132.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @136.07 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for PLMR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLMR is down. |
| ChartMill Relative Strength | 22.05 | NEGATIVE | PLMR has a low relative strength, it was outperformed by 77.95% 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) | 39.19 | NEUTRAL | The RSI value for PLMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests PLMR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.16 | NEUTRAL | The Stochastics value for PLMR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.49 | MEDIUM VOLATILITY | The ATR as a percentage value for PLMR suggests some volalility. |
| Average Directional Index/ADX (14) | 14.53 | NEGATIVE | The low ADX value for PLMR suggests a weak or negative trend. |
PLMR Chart- and CandleStick Pattern Analysis
PLMR Technicals: Chart, Performance Metrics, Trend & Indicators
116.83
-4.46 (-3.68%)
PALOMAR HOLDINGS INC / PLMR TA FAQ
Can you provide the ChartMill technical rating for PALOMAR HOLDINGS INC?
ChartMill assigns a technical rating of 0 / 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 39.1926. 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 0.0682076, indicating a bearish trend.
What is the support and resistance level for PLMR stock?
PALOMAR HOLDINGS INC (PLMR) has a support level at 116.47 and a resistance level at 119.21. Check the full technical report for our detailed analysis of PLMR support and resistance levels.