PRIMORIS SERVICES CORP (PRIM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PRIM - US74164F1030 - Common Stock
Taking everything into account, PRIM scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, PRIM has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, PRIM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 129.47, a Stop Loss order could be placed below this zone.
More info and screens
111.92
We found 4 important support areas.
- A support zone ranging from 125.02 to 129.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @119.16 from a trend line in the daily time frame.
- A support zone ranging from 116.43 to 117.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @113.05 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @134.81 from a trend line in the daily time frame.
- A resistance zone ranging from 140.60 to 144.27. 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 | UP | POSITIVE | The short term trend for PRIM is up. |
| ChartMill Relative Strength | 89.19 | POSITIVE | PRIM has a high relative strength, it outperformed 89.19% 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) | DOWN | MIXED | The current price of PRIM is above a declining 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) | 52.54 | NEUTRAL | The RSI value for PRIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests PRIM has a positive trend. |
| Stochastics (14,3) | 45.98 | NEUTRAL | The Stochastics value for PRIM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for PRIM suggests some volalility. |
| Average Directional Index/ADX (14) | 14.22 | NEGATIVE | The low ADX value for PRIM suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 134.82 | 125.01 | 9.81 (7.28%) | 13.74% |
| An entry @134.82. This is a Buy Stop order right above the resistance zone. | An exit @125.01. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.81 points, which is 7.28%. | For a 1.00% total portfolio risk, you can invest 13.74% 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.
129.53
+0.14 (+0.11%)
PRIMORIS SERVICES CORP / PRIM FAQ
Can you provide the ChartMill technical rating for PRIMORIS SERVICES CORP?
ChartMill assigns a technical rating of 8 / 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 52.5421. 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 positive.
What is the support and resistance level for PRIM stock?
PRIMORIS SERVICES CORP (PRIM) has a support level at 129.47 and a resistance level at 134.81. Check the full technical report for our detailed analysis of PRIM support and resistance levels.