PERIMETER SOLUTIONS INC (PRM) Stock Technical Analysis
NYSE:PRM - US71385M1071 - Common Stock
22.39 USD
+0.37 (+1.68%)
22.39 USD
0 (0%)
Overall PRM gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PRM is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
PRM is one of the better performing stocks in the Chemicals industry, it outperforms 95% of 83 stocks in the same industry.
PRM 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 PRM has a been trading in the 15.62 - 22.50 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.
PRM has an average volume of 1265180 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PRM did better than 96% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PRM has an excellent technical rating, it does not offer a high quality setup 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
17.19
22.61
When analyzing the support we can see 2 important areas.
- Support @19.92 from a trend line in the daily time frame.
- Support @17.36 from a trend line in the daily 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 PRM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRM is up. |
| ChartMill Relative Strength | 96.08 | POSITIVE | PRM has a high relative strength, it outperformed 96.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRM is above the rising 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) | 87.35 | OVERBOUGHT | The high RSI value suggests PRM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests PRM has a positive trend. |
| Stochastics (14,3) | 98.07 | OVERBOUGHT | The high Stochastics value suggests PRM may be overbought. |
| Average True Range in percent/ATR (20) | 2.97 | MEDIUM VOLATILITY | The ATR as a percentage value for PRM suggests some volalility. |
| Average Directional Index/ADX (14) | 50.08 | POSITIVE | The high ADX value value for PRM 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)
22.39
+0.37 (+1.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg1.68%
1 Week14.94%
2 Weeks20.64%
1 Month43.16%
3 Month85.5%
6 Month111.63%
12 Month91.2%
2 Year278.85%
3 Year129.64%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%2.97%
ATR Inc-15.19%
Range Today0.62
ADR(20)0.63
ADR(20)%2.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.08
Mansfield5.84
10 Day High22.5
10 Day Low18.04
20 Day High22.5
20 Day Low15.62
52 Week High22.5
52 Week Low8.76
CS1 End19.92
CR1 StartN/A
Volume & EV
DER(3)0.22%
DER(5)1.49%
Volume1.30M
Volume Incr70.26%
Vol(5)1.91M
Vol(50)1.27M