PRIMO BRANDS CORP (PRMB) Technical Analysis
NYSE:PRMB • US7416231022
Current stock price
PRMB Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to PRMB. Recently some decent action could be observed, but in the medium term time frame this is still negative. PRMB was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, PRMB is a bad performer in the overall market: 70% of all stocks are doing better.
- PRMB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PRMB is lagging the market.
- PRMB has an average volume of 6215550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- PRMB is part of the Beverages industry. There are 34 other stocks in this industry, PRMB did better than 45% of them.
- In the last month PRMB has a been trading in the 18.14 - 23.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
PRMB Weekly and Daily overview Charts
PRMB Setup Rating and Analysis
Although the technical rating is only medium, PRMB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 19.88, a Stop Loss order could be placed below this zone.
More info and screens
PRMB Support and Resistance Analysis
18.10
We found 3 important support areas.
- A support zone ranging from 19.52 to 19.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.73 from a horizontal line in the weekly time frame.
- A support zone ranging from 18.28 to 18.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @21.89 from a trend line in the weekly time frame.
- A resistance zone ranging from 22.54 to 23.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
PRMB 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 | NEUTRAL | NEUTRAL | The long term trend for PRMB is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRMB is neutral. |
| ChartMill Relative Strength | 30.12 | NEUTRAL | PRMB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PRMB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRMB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PRMB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.05 | NEUTRAL | The RSI value for PRMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests PRMB has a negative trend. |
| Stochastics (14,3) | 31.44 | NEUTRAL | The Stochastics value for PRMB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for PRMB suggests some volalility. |
| Average Directional Index/ADX (14) | 24.61 | NEUTRAL | The ADX value for PRMB suggests a possible start of a new trend. |
PRMB Chart- and CandleStick Pattern Analysis
PRMB Technicals: Chart, Performance Metrics, Trend & Indicators
20.72
+0.57 (+2.83%)
PRIMO BRANDS CORP / PRMB TA FAQ
Can you provide the ChartMill technical rating for PRIMO BRANDS CORP?
ChartMill assigns a technical rating of 4 / 10 to PRMB.
What is the current trend direction of PRIMO BRANDS CORP (PRMB) stock?
The current trend direction for PRIMO BRANDS CORP (PRMB) is Bearish.
What is the RSI signal for PRMB stock?
PRIMO BRANDS CORP (PRMB) has an RSI value of 52.0467. This indicates that the stock is currently neutral.
What is the MACD signal for PRMB stock?
The MACD indicator for PRIMO BRANDS CORP (PRMB) has a value of -0.241297, indicating a bearish trend.