Taking everything into account, PLMR scores 9 out of 10 in our technical rating. In the last year, PLMR was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although PLMR has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
108.80
When analyzing the support we can see 4 important areas.
- A support zone ranging from 123.47 to 125.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 115.43 to 117.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @112.26 from a horizontal line in the daily time frame.
- Support @109.90 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 134.97 to 134.97. 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 | 85.3 | POSITIVE | PLMR has a high relative strength, it outperformed 85.3% 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) | 69.88 | NEUTRAL | The RSI value for PLMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.48 | POSITIVE | The MACD value suggests PLMR has a positive trend. |
| Stochastics (14,3) | 95.79 | OVERBOUGHT | The high Stochastics value suggests PLMR may be overbought. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for PLMR suggests some volalility. |
| Average Directional Index/ADX (14) | 20.51 | NEUTRAL | The ADX value for PLMR suggests a possible start of a new trend. |
134.96
+1.09 (+0.82%)
PALOMAR HOLDINGS INC / PLMR FAQ
Can you provide the ChartMill technical rating for PALOMAR HOLDINGS INC?
ChartMill assigns a technical rating of 9 / 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 69.8795. This indicates that the stock is currently neutral.
What are the support and resistance levels for PALOMAR HOLDINGS INC (PLMR) stock?
PALOMAR HOLDINGS INC (PLMR) has a support level at 125.22 and a resistance level at 134.97. Check the full technical report for our detailed analysis of PLMR support and resistance levels.