PALOMAR HOLDINGS INC (PLMR) Stock Technical Analysis
NASDAQ:PLMR - Nasdaq - US69753M1053 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to PLMR. PLMR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month PLMR has a been trading in the 128.00 - 147.40 range, which is quite wide. It is currently trading near the lows of this range.
PLMR is one of the better performing stocks in the Insurance industry, it outperforms 82% of 143 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that PLMR is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 129.61, a Stop Loss order could be placed below this zone.
More info and screens
117.09
145.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 129.61 to 129.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @118.27 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 141.95 to 144.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | 73.12 | POSITIVE | PLMR has a high relative strength, it outperformed 73.12% 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) | 36.69 | NEUTRAL | The RSI value for PLMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PLMR has a positive trend. |
| Stochastics (14,3) | 14.87 | OVERSOLD | The low Stochastics value suggests PLMR may be oversold. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for PLMR suggests some volalility. |
| Average Directional Index/ADX (14) | 35.08 | 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)
131.53
+1.91 (+1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.47%
1 Week0.94%
2 Weeks-5.96%
1 Month-9.49%
3 Month-17.76%
6 Month19.66%
12 Month46.29%
2 Year157.85%
3 Year65.88%
5 Year17.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.36
ATR(20)%3.59%
ATR Inc-13.3%
Range Today3.56
ADR(20)4.66
ADR(20)%3.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.12
Mansfield-0.07
10 Day High140.91
10 Day Low128
20 Day High147.4
20 Day Low128
52 Week High175.85
52 Week Low85
CS1 End129.61
CR1 Start141.95
Volume & EV
DER(3)-0.12%
DER(5)0.35%
Volume388.53K
Volume Incr-6.18%
Vol(5)314.08K
Vol(50)310.62K