PRIME MERIDIAN RESOURCES COR (PMR.CA) Technical Analysis
TSX-V:PMR • CA74162C2013
Current stock price
PMR.CA Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to PMR. PMR'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.
- 77% of all other stocks performed better in the past year than PMR.
- PMR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month PMR has a been trading in the 0.03 - 0.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PMR.CA Weekly and Daily overview Charts
PMR.CA Setup Rating and Analysis
The technical rating of PMR is bad and it also does not present a 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
PMR.CA Support and Resistance Analysis
0.04
We can see 2 important resistance areas.
- A resistance zone ranging from 0.04 to 0.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
PMR.CA 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 | NEUTRAL | NEUTRAL | The long term trend for PMR.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PMR.CA is neutral. |
| ChartMill Relative Strength | 23.53 | NEGATIVE | PMR.CA has a low relative strength, it was outperformed by 76.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PMR.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PMR.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PMR.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.82 | NEUTRAL | The RSI value for PMR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PMR.CA has a negative trend. |
| Stochastics (14,3) | 55.56 | NEUTRAL | The Stochastics value for PMR.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.38 | HIGH VOLATILITY | The high ATR as a percentage value for PMR.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.69 | NEGATIVE | The low ADX value for PMR.CA suggests a weak or negative trend. |
PMR.CA Chart- and CandleStick Pattern Analysis
PMR.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:PMR (8/23/2023, 7:00:00 PM)
0.04
0 (-11.11%)
PRIME MERIDIAN RESOURCES COR / PMR.CA TA FAQ
What is the technical rating for PMR stock?
ChartMill assigns a technical rating of 2 / 10 to PMR.CA.
What is the current trend direction of PRIME MERIDIAN RESOURCES COR (PMR.CA) stock?
The current trend direction for PRIME MERIDIAN RESOURCES COR (PMR.CA) is Bearish.
What is the RSI signal for PMR stock?
PRIME MERIDIAN RESOURCES COR (PMR.CA) has an RSI value of 43.8173. This indicates that the stock is currently neutral.
What are the support and resistance levels for PRIME MERIDIAN RESOURCES COR (PMR.CA) stock?
PRIME MERIDIAN RESOURCES COR (PMR.CA) has a resistance level at 0.04. Check the full technical report for our detailed analysis of PMR.CA support and resistance levels.