PRIMO BRANDS CORP (PRMB) Technical Analysis
NYSE:PRMB • US7416231022
Current stock price
PRMB Technical Rating and Analysis
Taking everything into account, PRMB scores 5 out of 10 in our technical rating. In the last year, PRMB was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 85% of all other stocks performed better in the past year than PRMB.
- 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.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month PRMB has a been trading in the 17.82 - 20.38 range, which is quite wide. It is currently trading near the high of this range.
- PRMB has an average volume of 5205310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PRMB is part of the Beverages industry. There are 34 other stocks in this industry, PRMB did better than 42% of them.
PRMB Weekly and Daily overview Charts
PRMB Setup Rating and Analysis
PRMB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
PRMB Support and Resistance Analysis
17.70
We found 3 important support areas.
- A support zone ranging from 19.01 to 19.01. 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 18.39. 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 3 important areas.
- Resistance @20.84 from a trend line in the weekly time frame.
- Resistance @21.82 from a trend line in the daily time frame.
- A resistance zone ranging from 22.56 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 | UP | POSITIVE | The short term trend for PRMB is up. |
| ChartMill Relative Strength | 15.53 | NEGATIVE | PRMB has a low relative strength, it was outperformed by 84.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRMB is above 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) | 57.29 | NEUTRAL | The RSI value for PRMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests PRMB has a positive trend. |
| Stochastics (14,3) | 85.94 | OVERBOUGHT | The high Stochastics value suggests PRMB may be overbought. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for PRMB suggests some volalility. |
| Average Directional Index/ADX (14) | 17.13 | 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
20.33
+0.58 (+2.94%)
PRIMO BRANDS CORP / PRMB TA FAQ
Can you provide the ChartMill technical rating for PRIMO BRANDS CORP?
ChartMill assigns a technical rating of 5 / 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 57.2876. 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 positive.
What is the support and resistance level for PRMB stock?
PRIMO BRANDS CORP (PRMB) has a support level at 19.01 and a resistance level at 20.84. Check the full technical report for our detailed analysis of PRMB support and resistance levels.