Taking everything into account, PLMR scores 4 out of 10 in our technical rating. In the last year, PLMR was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- PLMR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- PLMR is one of the better performing stocks in the Insurance industry, it outperforms 72% of 147 stocks in the same industry.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When comparing the performance of all stocks over the past year, PLMR turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
- In the last month PLMR has a been trading in the 118.44 - 133.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
PLMR has an average technical rating and also the quality of the setup is only medium at the moment. Prices have been consolidating lately.
More info and screens
108.80
4 important support areas can be observed.
- A support zone ranging from 126.53 to 127.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 120.77 to 121.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- Support @109.90 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @129.22 from a trend line in the daily time frame.
- Resistance @134.97 from a horizontal line in the weekly time frame.
- Resistance @137.33 from a horizontal line 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 | NEUTRAL | NEUTRAL | The short term trend for PLMR is neutral. |
| ChartMill Relative Strength | 59.4 | NEUTRAL | PLMR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PLMR is above a declining 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) | DOWN | NEGATIVE | The current price of PLMR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.64 | NEUTRAL | The RSI value for PLMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests PLMR has a positive trend. |
| Stochastics (14,3) | 60.27 | NEUTRAL | The Stochastics value for PLMR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for PLMR suggests some volalility. |
| Average Directional Index/ADX (14) | 16.3 | NEGATIVE | The low ADX value for PLMR suggests a weak or negative trend. |
127.62
-1.53 (-1.18%)
PALOMAR HOLDINGS INC / PLMR FAQ
Can you provide the ChartMill technical rating for PALOMAR HOLDINGS INC?
ChartMill assigns a technical rating of 4 / 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 51.6356. 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 0.134855, indicating a bearish trend.
What is the support and resistance level for PLMR stock?
PALOMAR HOLDINGS INC (PLMR) has a support level at 127.23 and a resistance level at 129.22. Check the full technical report for our detailed analysis of PLMR support and resistance levels.