PRIMORIS SERVICES CORP (PRIM) Stock Technical Analysis
USA - NYSE:PRIM - US74164F1030 - Common Stock
Overall PRIM gets a technical rating of 6 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
PRIM has an average technical rating and also the quality of the setup is only medium 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
124.12
When analyzing the support we notice one important area.
- A support zone ranging from 125.37 to 125.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for PRIM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRIM is down. |
| ChartMill Relative Strength | 89.31 | POSITIVE | PRIM has a high relative strength, it outperformed 89.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRIM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PRIM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRIM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.56 | NEUTRAL | The RSI value for PRIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.13 | NEGATIVE | The MACD value suggests PRIM has a negative trend. |
| Stochastics (14,3) | 19.63 | OVERSOLD | The low Stochastics value suggests PRIM may be oversold. |
| Average True Range in percent/ATR (20) | 5.32 | HIGH VOLATILITY | The high ATR as a percentage value for PRIM suggests high volalility. |
| Average Directional Index/ADX (14) | 22.95 | NEUTRAL | The ADX value for PRIM suggests a possible start of a new trend. |
125.38
-3.61 (-2.8%)
PRIMORIS SERVICES CORP / PRIM FAQ
Can you provide the ChartMill technical rating for PRIMORIS SERVICES CORP?
ChartMill assigns a technical rating of 6 / 10 to PRIM.
What is the current trend direction of PRIMORIS SERVICES CORP (PRIM) stock?
The current trend direction for PRIMORIS SERVICES CORP (PRIM) is Bullish.
What is the RSI signal for PRIM stock?
PRIMORIS SERVICES CORP (PRIM) has an RSI value of 40.5554. This indicates that the stock is currently neutral.
What is the short term momentum for PRIM stock?
The short term momentum for PRIMORIS SERVICES CORP (PRIM) is negative.
What is the support and resistance level for PRIM stock?
PRIMORIS SERVICES CORP (PRIM) has a support level at 125.37. Check the full technical report for our detailed analysis of PRIM support and resistance levels.