PRIMORIS SERVICES CORP (PRIM) Stock Technical Analysis
NYSE:PRIM - New York Stock Exchange, Inc. - US74164F1030 - Common Stock - Currency: USD
Taking everything into account, PRIM scores 10 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PRIM is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by PRIM over the past year are nicely spread over this period.
PRIM is part of the Construction & Engineering industry. There are 49 other stocks in this industry. PRIM outperforms 91% of them.
PRIM is currently making a new 52 week high. This is a strong signal. 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 83.40 - 112.98 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PRIM has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
54.27
109.68
We found 2 important support areas.
- Support @58.30 from a trend line in the weekly time frame.
- Support @54.82 from a trend line in the weekly time frame.
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 | 95.57 | POSITIVE | PRIM has a high relative strength, it outperformed 95.57% 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) | 81.84 | OVERBOUGHT | The high RSI value suggests PRIM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.86 | POSITIVE | The MACD value suggests PRIM has a positive trend. |
| Stochastics (14,3) | 73.3 | NEUTRAL | The Stochastics value for PRIM is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for PRIM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.79 | 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)
108.59
+15.5 (+16.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg16.65%
1 Week17.15%
2 Weeks24.9%
1 Month30.31%
3 Month58.99%
6 Month37.82%
12 Month107.79%
2 Year207.01%
3 Year435.72%
5 Year469.73%
10 Year491.13%
15 Year1731.2%
Volatility
ATR(14)4.05
ATR(20)%3.26%
ATR Inc290.21%
Range Today12.64
ADR(20)2.91
ADR(20)%2.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.57
Mansfield4.18
10 Day High112.98
10 Day Low87.23
20 Day High112.98
20 Day Low83.4
52 Week High112.98
52 Week Low48.34
CS1 End58.3
CR1 StartN/A
Volume & EV
DER(3)-2.04%
DER(5)-2.48%
Volume2.77M
Volume Incr87.49%
Vol(5)1.51M
Vol(50)857.95K