PRIMEENERGY RESOURCES CORP (PNRG)

US74158E1047 - Common Stock

103.7  -3.01 (-2.82%)

Technical Rating and Analysis

8

Taking everything into account, PNRG scores 8 out of 10 in our technical rating. 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.

Warning: PNRG has an average volume of 2068 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, PNRG did better than 74% of all other stocks.
PNRG is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, PNRG did better than 57% of them.
PNRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PNRG is lagging the market.
In the last month PNRG has a been trading in the 98.55 - 106.75 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.

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Weekly and Daily overview Charts
PNRG Weekly chart
PNRG Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, PNRG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 108.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 103.09, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

92.58

109.57

2 important support areas can be observed.

  • A support zone ranging from 98.01 to 103.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 93.52 to 94.30. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • Resistance @108.49 from a horizontal line in the daily time frame.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.93
Mansfield-0.97
10 Day High106.75
10 Day Low100.07
20 Day High106.75
20 Day Low98.55
52 Week High120
52 Week Low83.9
Performance
1 Week-0.27%
2 Weeks-0.1%
1 Month3.93%
3 Month6.9%
6 Month-3.79%
12 Month24.94%
2 Year22.49%
3 Year146.96%
5 Year-22.32%
10 Year75.76%
15 Year172.97%

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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)

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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)0.13
RSI(14)52.55
LBB101.56
UBB106.64

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Example Setup

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.

ENTRYEXITDISTANCECAPITAL
104.15100.064.09 (3.93%)25.00%
An entry @104.15. This is a Buy Stop order right above the 10 day moving average.An exit @100.06. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 4.09 points, which is 3.93%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.98%.

  • 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.

More info and screens

PNRG Daily chart

PRIMEENERGY RESOURCES CORP

NASDAQ:PNRG (5/16/2024, 7:11:36 PM)

103.7

-3.01 (-2.82%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.82%
1 Week-0.27%
2 Weeks-0.1%
1 Month3.93%
3 Month6.9%
6 Month-3.79%
12 Month24.94%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.4
ATR(20)%2.15%
ATR Inc
Range Today2.51
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High106.75
10 Day Low100.07
20 Day High106.75
20 Day Low98.55
52 Week High120
52 Week Low83.9
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.20K
Volume Incr-65.32%
Vol(5)1.07K
Vol(50)2.07K