PALOMAR HOLDINGS INC (PLMR) Stock Technical Analysis
NASDAQ:PLMR - Nasdaq - US69753M1053 - Common Stock - Currency: USD
Taking everything into account, PLMR scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PLMR is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, PLMR did better than 97% of all other stocks. We also observe that the gains produced by PLMR over the past year are nicely spread over this period.
PLMR is part of the Insurance industry. There are 143 other stocks in this industry. PLMR outperforms 97% of them.
PLMR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PLMR is leading the market.
In the last month PLMR has a been trading in the 142.25 - 165.00 range, which is quite wide. It is currently trading near the high of this range.
PLMR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 158.58, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
102.94
163.17
We found 4 important support areas.
- A support zone ranging from 155.01 to 158.58. 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 144.05 to 147.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @110.05 from a trend line in the weekly time frame.
- Support @103.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 160.83 to 161.55. 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 | UP | POSITIVE | The long term trend for PLMR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PLMR is up. |
| ChartMill Relative Strength | 97.03 | POSITIVE | PLMR has a high relative strength, it outperformed 97.03% 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 | POSITIVE | The current price of PLMR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.9 | NEUTRAL | The RSI value for PLMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests PLMR has a negative trend. |
| Stochastics (14,3) | 76.9 | 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) | 14.31 | NEGATIVE | The low ADX value for PLMR suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 161.56 | 155.00 | 6.56 (4.06%) | 24.63% |
| An entry @161.56. This is a Buy Stop order right above the resistance zone. | An exit @155.00. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.56 points, which is 4.06%. | When investing 24.63% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of PLMR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
160.82
-0.72 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.45%
1 Week2.5%
2 Weeks0.51%
1 Month5.01%
3 Month35.06%
6 Month48.47%
12 Month96.75%
2 Year194.22%
3 Year158.76%
5 Year116.1%
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.06
ATR(20)%3.72%
ATR Inc-22.66%
Range Today4.21
ADR(20)5.86
ADR(20)%3.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.03
Mansfield4.35
10 Day High165
10 Day Low151
20 Day High165
20 Day Low142.25
52 Week High165
52 Week Low77.28
CS1 End158.58
CR1 Start160.83
Volume & EV
DER(3)-1.19%
DER(5)-0.22%
Volume387.40K
Volume Incr-16.21%
Vol(5)285.32K
Vol(50)318.55K