PALOMAR HOLDINGS INC (PLMR) Stock Technical Analysis
USA - NASDAQ:PLMR - US69753M1053 - Common Stock
We assign a technical rating of 6 out of 10 to PLMR. In the past year, PLMR was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
PLMR has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
107.90
When analyzing the support we can see 3 important areas.
- A support zone ranging from 115.52 to 116.80. This zone is formed by a combination of multiple trend lines and important moving averages 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.
- A support zone ranging from 108.99 to 109.90. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 128.17 to 128.17. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for PLMR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLMR is up. |
| ChartMill Relative Strength | 82.38 | POSITIVE | PLMR has a high relative strength, it outperformed 82.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PLMR is above 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 | MIXED | The current price of PLMR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.69 | OVERBOUGHT | The high RSI value suggests PLMR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.31 | POSITIVE | The MACD value suggests PLMR has a positive trend. |
| Stochastics (14,3) | 88.91 | OVERBOUGHT | The high Stochastics value suggests PLMR may be overbought. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for PLMR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.01 | NEGATIVE | The low ADX value for PLMR suggests a weak or negative trend. |
128.06
+10.27 (+8.72%)
PALOMAR HOLDINGS INC / PLMR FAQ
Can you provide the ChartMill technical rating for PALOMAR HOLDINGS INC?
ChartMill assigns a technical rating of 6 / 10 to PLMR.
What is the trend direction for 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 72.6909. This indicates that the stock is currently overbought.
What are the support and resistance levels for PALOMAR HOLDINGS INC (PLMR) stock?
PALOMAR HOLDINGS INC (PLMR) has a support level at 116.8 and a resistance level at 128.17. Check the full technical report for our detailed analysis of PLMR support and resistance levels.