PRIMORIS SERVICES CORP (PRIM) Stock Technical Analysis
NYSE:PRIM - New York Stock Exchange, Inc. - US74164F1030 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to PRIM. In the last year, PRIM was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
PRIM is one of the better performing stocks in the Construction & Engineering industry, it outperforms 78% of 51 stocks in the same industry.
PRIM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
PRIM has an average volume of 1020050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that PRIM is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
PRIM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PRIM is lagging the market slightly.
PRIM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 74.49, a Stop Loss order could be placed below this zone.
More info and screens
53.03
77.60
3 important support areas can be observed.
- A support zone ranging from 73.65 to 74.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @54.85 from a trend line in the weekly time frame.
- Support @53.57 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 75.50 to 76.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.14
Mansfield1.27
10 Day High78.36
10 Day Low67.15
20 Day High78.36
20 Day Low57.43
52 Week High90.86
52 Week Low45.92
Performance
1 Week-3.03%
2 Weeks11.68%
1 Month29.18%
3 Month12.84%
6 Month-10.23%
12 Month36.27%
2 Year177.99%
3 Year206.84%
5 Year346.38%
10 Year296.91%
15 Year987.59%
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)
Technical Indicators
MACD(12,26,9)0.66
RSI(14)68.19
LBB63.07
UBB80.01
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 |
|---|---|---|---|
| 76.84 | 73.64 | 3.20 (4.16%) | 24.01% |
| An entry @76.84. This is a Buy Stop order right above the resistance zone. | An exit @73.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.20 points, which is 4.16%. | For a 1.00% total portfolio risk, you can invest 24.01% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PRIM. Please evaluate whether better entry and exit points can be found.
- 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.
74.5
-0.3 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.4%
1 Week-3.03%
2 Weeks11.68%
1 Month29.18%
3 Month12.84%
6 Month-10.23%
12 Month36.27%
2 Year177.99%
3 Year206.84%
5 Year346.38%
10 Year296.91%
15 Year987.59%
Volatility
ATR(14)2.82
ATR(20)%3.67%
ATR Inc-38.67%
Range Today2.45
ADR(20)2.36
ADR(20)%3.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.14
Mansfield1.27
10 Day High78.36
10 Day Low67.15
20 Day High78.36
20 Day Low57.43
52 Week High90.86
52 Week Low45.92
CS1 End74.49
CR1 Start75.5
Volume & EV
DER(3)0.32%
DER(5)-0.51%
Volume986.68K
Volume Incr-5.2%
Vol(5)1.04M
Vol(50)1.02M