PRIMORIS SERVICES CORP (PRIM) Stock Technical Analysis
NYSE:PRIM • US74164F1030
Taking everything into account, PRIM scores 10 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, PRIM did better than 96% of all other stocks. We also observe that the gains produced by PRIM over the past year are nicely spread over this period.
- PRIM is one of the better performing stocks in the Construction & Engineering industry, it outperforms 90% of 55 stocks in the same industry.
- PRIM is currently trading near its 52 week high, which is a good sign. 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 140.51 - 174.43 range, which is quite wide. It is currently trading near the high of this range.
PRIM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
111.92
When analyzing the support we can see 5 important areas.
- A support zone ranging from 155.44 to 156.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 145.30 to 148.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 142.41 to 142.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @136.73 from a trend line in the daily time frame.
- Support @113.05 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 169.37 to 169.37. 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 | UP | POSITIVE | The short term trend for PRIM is up. |
| ChartMill Relative Strength | 96.6 | POSITIVE | PRIM has a high relative strength, it outperformed 96.6% 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) | 65.91 | NEUTRAL | The RSI value for PRIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests PRIM has a positive trend. |
| Stochastics (14,3) | 72.72 | NEUTRAL | The Stochastics value for PRIM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for PRIM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.23 | POSITIVE | The high ADX value value for PRIM suggests a strong 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 |
|---|---|---|---|
| 169.38 | 155.43 | 13.95 (8.24%) | 12.14% |
| An entry @169.38. This is a Buy Stop order right above the resistance zone. | An exit @155.43. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 13.95 points, which is 8.24%. | When investing 12.14% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
169.36
+3.6 (+2.17%)
PRIMORIS SERVICES CORP / PRIM FAQ
Can you provide the ChartMill technical rating for PRIMORIS SERVICES CORP?
ChartMill assigns a technical rating of 10 / 10 to PRIM.
What is the trend direction for 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 65.9075. This indicates that the stock is currently neutral.
What is the MACD signal for PRIMORIS SERVICES CORP (PRIM) stock?
The MACD indicator for PRIMORIS SERVICES CORP (PRIM) has a value of 0.306253, indicating a bearish trend.
Can you provide the buy/sell signal for PRIMORIS SERVICES CORP?
The buy/sell signal for PRIMORIS SERVICES CORP (PRIM) is buy as both the short term and long term trends are positive.