PERIMETER SOLUTIONS INC (PRM) Stock Technical Analysis
NYSE:PRM • US71385M1071
Overall PRM gets a technical rating of 7 out of 10. 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.
- In the last month PRM has a been trading in the 25.01 - 29.60 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, PRM did better than 94% of all other stocks. On top of that, PRM also shows a nice and consistent pattern of rising prices.
- PRM is one of the better performing stocks in the Chemicals industry, it outperforms 96% of 83 stocks in the same industry.
- PRM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PRM is lagging the market slightly.
Although PRM has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
25.51
When analyzing the support we notice one important area.
- A support zone ranging from 25.77 to 26.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 26.67 to 27.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.64 to 29.64. 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 PRM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRM is neutral. |
| ChartMill Relative Strength | 94.28 | POSITIVE | PRM has a high relative strength, it outperformed 94.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.32 | NEUTRAL | The RSI value for PRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PRM has a negative trend. |
| Stochastics (14,3) | 38.85 | NEUTRAL | The Stochastics value for PRM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for PRM suggests some volalility. |
| Average Directional Index/ADX (14) | 15.57 | NEGATIVE | The low ADX value for PRM suggests a weak or negative trend. |
26.22
+0.25 (+0.96%)
PERIMETER SOLUTIONS INC / PRM FAQ
What is the technical rating for PRM stock?
ChartMill assigns a technical rating of 7 / 10 to PRM.
Can you provide the trend direction for PERIMETER SOLUTIONS INC?
The current trend direction for PERIMETER SOLUTIONS INC (PRM) is Bullish.
Can you provide the RSI signal for PERIMETER SOLUTIONS INC?
PERIMETER SOLUTIONS INC (PRM) has an RSI value of 42.3223. This indicates that the stock is currently neutral.
What is the short term momentum for PRM stock?
The short term momentum for PERIMETER SOLUTIONS INC (PRM) is neutral.