PALOMAR HOLDINGS INC (PLMR) Stock Technical Analysis
NASDAQ:PLMR - Nasdaq - US69753M1053 - Common Stock - Currency: USD
Taking everything into account, PLMR scores 2 out of 10 in our technical rating. Although PLMR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
PLMR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the yearly performance of all stocks, we notice that PLMR is one of the better performing stocks in the market, outperforming 78% of all stocks.
PLMR is part of the Insurance industry. There are 143 other stocks in this industry. PLMR outperforms 88% of them.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
PLMR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLMR is lagging the market.
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 135.00, a Stop Loss order could be placed below this zone.
More info and screens
115.61
145.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 135.00 to 135.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @116.78 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @137.20 from a trend line in the daily time frame.
- A resistance zone ranging from 144.01 to 144.08. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for PLMR is down. |
| ChartMill Relative Strength | 78.92 | POSITIVE | PLMR has a high relative strength, it outperformed 78.92% 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) | UP | POSITIVE | The current price of PLMR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.15 | NEUTRAL | The RSI value for PLMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests PLMR has a negative trend. |
| Stochastics (14,3) | 24.37 | NEUTRAL | The Stochastics value for PLMR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for PLMR suggests some volalility. |
| Average Directional Index/ADX (14) | 29.98 | POSITIVE | The high ADX value value for PLMR suggests a strong 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)
136.93
-0.87 (-0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.63%
1 Week-4.96%
2 Weeks-5.21%
1 Month-14.43%
3 Month-7.15%
6 Month32.31%
12 Month49.37%
2 Year126.11%
3 Year119.54%
5 Year49.91%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.32
ATR(20)%4.2%
ATR Inc2.24%
Range Today7.34
ADR(20)5.71
ADR(20)%4.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.92
Mansfield0.36
10 Day High147.4
10 Day Low132.65
20 Day High161.35
20 Day Low132.65
52 Week High175.85
52 Week Low82.55
CS1 End135
CR1 Start137.2
Volume & EV
DER(3)1.38%
DER(5)1.89%
Volume389.00K
Volume Incr-9.08%
Vol(5)302.22K
Vol(50)302.41K