PRIM Technical Analysis - PRIMORIS SERVICES CORP

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to PRIM. 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.

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.

PRIM is one of the better performing stocks in the Construction & Engineering industry, it outperforms 92% of 52 stocks in the same industry.

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 111.67 - 129.02 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PRIMORIS SERVICES CORP / PRIM Weekly stock chart

PRIMORIS SERVICES CORP / PRIM Daily stock chart

Setup Rating and Analysis

Although PRIM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

105.34

132.78

When analyzing the support we can see 3 important areas.

A support zone ranging from 119.03 to 121.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @113.05 from a horizontal line in the daily time frame.
A support zone ranging from 106.40 to 107.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	95.68	POSITIVE	PRIM has a high relative strength, it outperformed 95.68% 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)	72.22	OVERBOUGHT	The high RSI value suggests PRIM may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.25	POSITIVE	The MACD value suggests PRIM has a positive trend.
Stochastics (14,3)	87.43	OVERBOUGHT	The high Stochastics value suggests PRIM may be overbought.
Average True Range in percent/ATR (20)	3.02	MEDIUM VOLATILITY	The ATR as a percentage value for PRIM suggests some volalility.
Average Directional Index/ADX (14)	26.78	POSITIVE	The high ADX value value for PRIM suggests a strong trend.