PRIMORIS SERVICES CORP (PRIM) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PRIM - US74164F1030 - Common Stock
Taking everything into account, PRIM scores 4 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although the technical rating is only medium, PRIM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
111.92
3 important support areas can be observed.
- A support zone ranging from 123.01 to 124.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 116.43 to 117.70. 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 found 1 important resistance area.
- A resistance zone ranging from 142.38 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 | DOWN | NEGATIVE | The short term trend for PRIM is down. |
| ChartMill Relative Strength | 89.36 | POSITIVE | PRIM has a high relative strength, it outperformed 89.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PRIM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRIM is below 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) | 49.25 | NEUTRAL | The RSI value for PRIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.85 | POSITIVE | The MACD value suggests PRIM has a positive trend. |
| Stochastics (14,3) | 78.48 | NEUTRAL | The Stochastics value for PRIM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for PRIM suggests some volalility. |
| Average Directional Index/ADX (14) | 24.06 | NEUTRAL | The ADX value for PRIM suggests a possible start of a new trend. |
125.51
+0.79 (+0.63%)
PRIMORIS SERVICES CORP / PRIM FAQ
Can you provide the ChartMill technical rating for PRIMORIS SERVICES CORP?
ChartMill assigns a technical rating of 4 / 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 49.2465. 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 negative.
What is the support and resistance level for PRIM stock?
PRIMORIS SERVICES CORP (PRIM) has a support level at 124.07 and a resistance level at 142.38. Check the full technical report for our detailed analysis of PRIM support and resistance levels.