PRIMORIS SERVICES CORP (PRIM) Stock Technical Analysis
NYSE:PRIM - US74164F1030 - Common Stock
118.55 USD
-1 (-0.84%)
118.55 USD
0 (0%)
We assign a technical rating of 10 out of 10 to PRIM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PRIM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that PRIM is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by PRIM over the past year are nicely spread over this period.
PRIM is part of the Construction & Engineering industry. There are 49 other stocks in this industry. PRIM outperforms 91% of them.
PRIM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PRIM has a been trading in the 91.35 - 120.25 range, which is quite wide. It is currently trading near the high of this range.
Although PRIM has an excellent technical rating, the quality of the presented setup is not ideal 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
99.69
119.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 110.58 to 112.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @100.70 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for PRIM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRIM is up. |
| ChartMill Relative Strength | 95.98 | POSITIVE | PRIM has a high relative strength, it outperformed 95.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRIM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRIM is above 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) | 76.19 | OVERBOUGHT | The high RSI value suggests PRIM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests PRIM has a negative trend. |
| Stochastics (14,3) | 90.91 | OVERBOUGHT | The high Stochastics value suggests PRIM may be overbought. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for PRIM suggests some volalility. |
| Average Directional Index/ADX (14) | 38.46 | POSITIVE | The high ADX value value for PRIM suggests a strong trend. |
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)
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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 120.26 | 107.44 | 12.82 (10.66%) | 9.38% |
| An entry @120.26. This is a Buy Stop order right above the 10 day high. | An exit @107.44. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 12.82 points, which is 10.66%. | For a 1.00% total portfolio risk, you can invest 9.38% of your capital in this trade. |
- 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.
118.55
-1 (-0.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.84%
1 Week3.61%
2 Weeks5.91%
1 Month30.07%
3 Month64.4%
6 Month65.25%
12 Month110.05%
2 Year235.17%
3 Year484.85%
5 Year521.98%
10 Year545.35%
15 Year1899.16%
Volatility
ATR(14)3.52
ATR(20)%3.59%
ATR Inc-11.99%
Range Today3.24
ADR(20)3.86
ADR(20)%3.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.98
Mansfield4.52
10 Day High120.25
10 Day Low107.45
20 Day High120.25
20 Day Low91.35
52 Week High120.25
52 Week Low48.34
CS1 End112.24
CR1 StartN/A
Volume & EV
DER(3)-6.43%
DER(5)-3.06%
Volume1.04M
Volume Incr-16.54%
Vol(5)838.14K
Vol(50)923.53K