PRIMORIS SERVICES CORP (PRIM) Stock Technical Analysis
USA - NYSE:PRIM - US74164F1030 - Common Stock
138.82 USD
+0.69 (+0.5%)
138.82 USD
0 (0%)
Overall PRIM gets a technical rating of 10 out of 10. 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, PRIM did better than 95% 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 98% of 54 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 124.59 - 142.84 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. There is a resistance zone just above the current price starting at 138.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 137.72, a Stop Loss order could be placed below this zone.
More info and screens
116.49
142.02
3 important support areas can be observed.
- A support zone ranging from 135.78 to 137.72. 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 132.68 to 132.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @117.67 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 138.83 to 140.61. 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 | 95.36 | POSITIVE | PRIM has a high relative strength, it outperformed 95.36% 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) | 61.26 | NEUTRAL | The RSI value for PRIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests PRIM has a negative trend. |
| Stochastics (14,3) | 70.19 | NEUTRAL | The Stochastics value for PRIM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.64 | MEDIUM VOLATILITY | The ATR as a percentage value for PRIM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.61 | 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 |
|---|---|---|---|
| 140.62 | 135.77 | 4.85 (3.45%) | 25.00% |
| An entry @140.62. This is a Buy Stop order right above the resistance zone. | An exit @135.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.85 points, which is 3.45%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.86%. |
- 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.
138.82
+0.69 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.5%
1 Week0.95%
2 Weeks-0.21%
1 Month9.44%
3 Month56.88%
6 Month145.92%
12 Month119.41%
2 Year361.81%
3 Year587.57%
5 Year635.67%
10 Year596.89%
15 Year1743.56%
Volatility
ATR(14)5.3
ATR(20)%3.64%
ATR Inc19.92%
Range Today4.12
ADR(20)4.8
ADR(20)%3.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.36
Mansfield5.07
10 Day High142.84
10 Day Low132.24
20 Day High142.84
20 Day Low124.59
52 Week High142.84
52 Week Low49.1
CS1 End137.72
CR1 Start138.83
Volume & EV
DER(3)-0.73%
DER(5)-0.64%
Volume1.05M
Volume Incr12.05%
Vol(5)925.43K
Vol(50)836.17K