PRIMECH HOLDINGS LTD (PMEC) Stock Technical Analysis
NASDAQ:PMEC - Nasdaq - SGXZ14489751 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to PMEC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PMEC is showing a nice and steady performance.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that PMEC is one of the better performing stocks in the market, outperforming 97% of all stocks.
PMEC is part of the Commercial Services & Supplies industry. There are 83 other stocks in this industry. PMEC outperforms 96% of them.
PMEC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PMEC is lagging the market slightly.
In the last month PMEC has a been trading in the 0.80 - 1.37 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 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 very little resistance above the current price. We notice that large players showed an interest for PMEC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.64
1.22
We found 7 important support areas.
- Support @1.03 from a horizontal line in the daily time frame.
- Support @0.90 from a trend line in the daily time frame.
- Support @0.83 from a trend line in the daily time frame.
- Support @0.76 from a trend line in the weekly time frame.
- Support @0.74 from a trend line in the weekly time frame.
- A support zone ranging from 0.68 to 0.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.65 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @1.21 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.5
Mansfield4.46
10 Day High1.3
10 Day Low1.03
20 Day High1.37
20 Day Low0.8
52 Week High1.37
52 Week Low0.49
Performance
1 Week5.77%
2 Weeks-12%
1 Month34.13%
3 Month59.91%
6 Month44.74%
12 Month92.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)52.32
LBB1.04
UBB1.36
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 |
|---|---|---|---|
| 1.22 | 1.02 | 0.20 (16.34%) | 6.12% |
| An entry @1.22. This is a Buy Stop order right above the resistance zone. | An exit @1.02. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.20 points, which is 16.34%. | For a 1.00% total portfolio risk, you can invest 6.12% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PMEC. 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.
1.1
-0.01 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg-0.9%
1 Week5.77%
2 Weeks-12%
1 Month34.13%
3 Month59.91%
6 Month44.74%
12 Month92.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%12.73%
ATR Inc-50.43%
Range Today0.09
ADR(20)0.14
ADR(20)%12.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.5
Mansfield4.46
10 Day High1.3
10 Day Low1.03
20 Day High1.37
20 Day Low0.8
52 Week High1.37
52 Week Low0.49
CS1 End1.03
CR1 Start1.21
Volume & EV
DER(3)-5.19%
DER(5)5.49%
Volume21.40K
Volume Incr-67.62%
Vol(5)42.96K
Vol(50)118.28K