We assign a technical rating of 8 out of 10 to PNRG. PNRG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Although PNRG 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
136.18
3 important support areas can be observed.
- A support zone ranging from 181.04 to 183.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @141.13 from a trend line in the daily time frame.
- Support @137.56 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 | NEUTRAL | NEUTRAL | The long term trend for PNRG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PNRG is up. |
| ChartMill Relative Strength | 81.56 | POSITIVE | PNRG has a high relative strength, it outperformed 81.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PNRG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PNRG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PNRG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 75.61 | OVERBOUGHT | The high RSI value suggests PNRG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 5.1 | POSITIVE | The MACD value suggests PNRG has a positive trend. |
| Stochastics (14,3) | 94.26 | OVERBOUGHT | The high Stochastics value suggests PNRG may be overbought. |
| Average True Range in percent/ATR (20) | 4.68 | MEDIUM VOLATILITY | The ATR as a percentage value for PNRG suggests some volalility. |
| Average Directional Index/ADX (14) | 32.03 | POSITIVE | The high ADX value value for PNRG suggests a strong trend. |
192.81
+5.79 (+3.1%)
PRIMEENERGY RESOURCES CORP / PNRG FAQ
What is the technical rating for PNRG stock?
ChartMill assigns a technical rating of 8 / 10 to PNRG.
What is the trend direction for PNRG stock?
The current trend direction for PRIMEENERGY RESOURCES CORP (PNRG) is Bearish.
What is the RSI signal for PRIMEENERGY RESOURCES CORP (PNRG) stock?
PRIMEENERGY RESOURCES CORP (PNRG) has an RSI value of 75.6105. This indicates that the stock is currently overbought.
Can you provide the MACD signal for PRIMEENERGY RESOURCES CORP?
The MACD indicator for PRIMEENERGY RESOURCES CORP (PNRG) has a value of 5.09522, indicating a bullish trend.
What is the short term momentum for PNRG stock?
The short term momentum for PRIMEENERGY RESOURCES CORP (PNRG) is positive.