Overall PMEC gets a technical rating of 2 out of 10. PMEC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, PMEC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.04, a Stop Loss order could be placed below this zone. 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
0.81
We found 6 important support areas.
- A support zone ranging from 1.02 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.00 from a horizontal line in the daily time frame.
- Support @0.98 from a horizontal line in the weekly time frame.
- Support @0.93 from a trend line in the weekly time frame.
- Support @0.85 from a trend line in the daily time frame.
- Support @0.82 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 1.10 to 1.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.89 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for PMEC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PMEC is down. |
| ChartMill Relative Strength | 69.26 | NEUTRAL | PMEC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PMEC is above the rising 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) | UP | MIXED | The current price of PMEC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.48 | NEUTRAL | The RSI value for PMEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PMEC has a positive trend. |
| Stochastics (14,3) | 43.43 | NEUTRAL | The Stochastics value for PMEC is a neutral value. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for PMEC suggests high volalility. |
| Average Directional Index/ADX (14) | 15.22 | NEGATIVE | The low ADX value for PMEC suggests a weak or negative trend. |
1.07
+0.04 (+3.88%)
PRIMECH HOLDINGS LTD / PMEC FAQ
What is the technical rating for PMEC stock?
ChartMill assigns a technical rating of 2 / 10 to PMEC.
Can you provide the trend direction for PRIMECH HOLDINGS LTD?
The current trend direction for PRIMECH HOLDINGS LTD (PMEC) is Bearish.
What is the RSI signal for PMEC stock?
PRIMECH HOLDINGS LTD (PMEC) has an RSI value of 46.4833. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PRIMECH HOLDINGS LTD?
The MACD indicator for PRIMECH HOLDINGS LTD (PMEC) has a value of 0.0257321, indicating a bearish trend.
What is the buy/sell signal for PMEC stock?
The buy/sell signal for PRIMECH HOLDINGS LTD (PMEC) is sell as both the short term and long term trends are negative.