PERIMETER SOLUTIONS INC (PRM) Stock Technical Analysis
USA - NYSE:PRM - US71385M1071 - Common Stock
We assign a technical rating of 9 out of 10 to PRM. Both in the recent history as in the last year, PRM has proven to be a steady performer, scoring decent points in every aspect analyzed.
PRM has an excellent technical rating, but the quality of the setup is only medium 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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11.45
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.56 to 21.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.76 to 22.92. 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 | 91.51 | POSITIVE | PRM has a high relative strength, it outperformed 91.51% 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) | 52.18 | NEUTRAL | The RSI value for PRM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests PRM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.15 | NEUTRAL | The Stochastics value for PRM is a neutral value. |
| Average True Range in percent/ATR (20) | 4.62 | MEDIUM VOLATILITY | The ATR as a percentage value for PRM suggests some volalility. |
| Average Directional Index/ADX (14) | 25.5 | POSITIVE | The high ADX value value for PRM suggests a strong trend. |
22.05
+0.33 (+1.52%)
PERIMETER SOLUTIONS INC / PRM FAQ
What is the technical rating for PRM stock?
ChartMill assigns a technical rating of 9 / 10 to PRM.
What is the current trend direction of PERIMETER SOLUTIONS INC (PRM) stock?
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 52.1771. This indicates that the stock is currently neutral.
What is the short term momentum for PERIMETER SOLUTIONS INC (PRM) stock?
The short term momentum for PERIMETER SOLUTIONS INC (PRM) is neutral.