PRIMO BRANDS CORP (PRMB) Technical Analysis
NYSE:PRMB • US7416231022
Current stock price
PRMB Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to PRMB. PRMB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, PRMB is a bad performer in the overall market: 86% of all stocks are doing better.
- PRMB is one of the lesser performing stocks in the Beverages industry. 69% of 34 stocks in the same industry do better.
- PRMB is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- PRMB has an average volume of 5328350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PRMB has a been trading in the 17.82 - 21.01 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 bad, PRMB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 19.32, a Stop Loss order could be placed below this zone.
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PRMB Support and Resistance Analysis
17.70
When analyzing the support we can see 3 important areas.
- A support zone ranging from 19.01 to 19.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.22 to 18.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.88 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @20.15 from a horizontal line in the daily time frame.
- Resistance @20.84 from a trend line in the weekly time frame.
- Resistance @21.70 from a trend line in the daily time frame.
- A resistance zone ranging from 22.47 to 22.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for PRMB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRMB is neutral. |
| ChartMill Relative Strength | 14.75 | NEGATIVE | PRMB has a low relative strength, it was outperformed by 85.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PRMB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PRMB is below 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) | 50.05 | NEUTRAL | The RSI value for PRMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests PRMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.43 | NEUTRAL | The Stochastics value for PRMB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for PRMB suggests some volalility. |
| Average Directional Index/ADX (14) | 19.24 | NEGATIVE | The low ADX value for PRMB suggests a weak or negative trend. |
PRMB Chart- and CandleStick Pattern Analysis
PRMB Technicals: Chart, Performance Metrics, Trend & Indicators
19.41
-0.2 (-1.02%)
PRIMO BRANDS CORP / PRMB TA FAQ
Can you provide the ChartMill technical rating for PRIMO BRANDS CORP?
ChartMill assigns a technical rating of 2 / 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 PRIMO BRANDS CORP (PRMB) stock?
PRIMO BRANDS CORP (PRMB) has an RSI value of 50.0461. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PRIMO BRANDS CORP?
The short term momentum for PRIMO BRANDS CORP (PRMB) is neutral.
What is the support and resistance level for PRMB stock?
PRIMO BRANDS CORP (PRMB) has a support level at 19.32 and a resistance level at 20.15. Check the full technical report for our detailed analysis of PRMB support and resistance levels.