PRIMECH HOLDINGS LTD (PMEC) Technical Analysis
NASDAQ:PMEC • SGXZ14489751
Current stock price
0.6863 USD
+0.01 (+1.89%)
At close:
0.6042 USD
-0.08 (-11.96%)
Pre-Market:
PMEC Technical Rating and Analysis
Taking everything into account, PMEC scores 0 out of 10 in our technical rating. PMEC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, PMEC is a bad performer in the overall market: 88% of all stocks are doing better.
- PMEC is part of the Commercial Services & Supplies industry. There are 80 other stocks in this industry, of which 63% are performing better than PMEC.
- PMEC is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month PMEC has a been trading in the 0.64 - 0.80 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
PMEC Weekly and Daily overview Charts
PMEC Setup Rating and Analysis
Although the technical rating is bad, PMEC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 0.67, a Stop Loss order could be placed below this zone.
More info and screens
PMEC Support and Resistance Analysis
0.65
0.74
We found 1 important support area.
- A support zone ranging from 0.66 to 0.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 0.70 to 0.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.73 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
PMEC Technical Indicator Signal Analysis
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 PMEC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PMEC is neutral. |
| ChartMill Relative Strength | 12.45 | NEGATIVE | PMEC has a low relative strength, it was outperformed by 87.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PMEC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PMEC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PMEC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.74 | NEUTRAL | The RSI value for PMEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PMEC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.4 | NEUTRAL | The Stochastics value for PMEC is a neutral value. |
| Average True Range in percent/ATR (20) | 8.91 | HIGH VOLATILITY | The high ATR as a percentage value for PMEC suggests high volalility. |
| Average Directional Index/ADX (14) | 39.73 | POSITIVE | The high ADX value value for PMEC suggests a strong trend. |
PMEC Chart- and CandleStick Pattern Analysis
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)
PMEC Technicals: Chart, Performance Metrics, Trend & Indicators
0.6863
+0.01 (+1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg1.89%
1 Week-1.96%
2 Weeks-1.82%
1 Month-0.36%
3 Month-29.25%
6 Month-67%
12 Month-19.73%
2 Year6.39%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%8.91%
ATR Inc16.55%
Range Today0.07
ADR(20)0.06
ADR(20)%8.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.45
3 months CRS12.07
6 months CRS4.81
Mansfield-4.67
10 Day High0.8
10 Day Low0.64
20 Day High0.8
20 Day Low0.64
52 Week High2.44
52 Week Low0.6
CS1 End0.67
CR1 Start0.7
Volume & EV
DER(3)1.91%
DER(5)-7.42%
Volume3.80K
Volume Incr10.89%
Vol(5)48.86K
Vol(50)134.16K
PRIMECH HOLDINGS LTD / PMEC TA FAQ
What is the technical rating for PMEC stock?
ChartMill assigns a technical rating of 0 / 10 to PMEC.
What is the trend direction for PMEC stock?
The current trend direction for PRIMECH HOLDINGS LTD (PMEC) is Bearish.
What is the RSI signal for PRIMECH HOLDINGS LTD (PMEC) stock?
PRIMECH HOLDINGS LTD (PMEC) has an RSI value of 44.7364. This indicates that the stock is currently neutral.
What is the MACD signal for PRIMECH HOLDINGS LTD (PMEC) stock?
The MACD indicator for PRIMECH HOLDINGS LTD (PMEC) has a value of 0.00223818, indicating a bearish trend.