PRIMO BRANDS CORP (PRMB) Stock Technical Analysis
NYSE:PRMB - New York Stock Exchange, Inc. - US7416231022 - Common Stock - Currency: USD
Overall PRMB gets a technical rating of 2 out of 10. In the last year, PRMB was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, PRMB is a bad performer in the overall market: 100% of all stocks are doing better.
PRMB is one of the lesser performing stocks in the Beverages industry. 87% of 33 stocks in the same industry do better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month PRMB has a been trading in the 30.77 - 33.70 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PRMB has an average volume of 5272590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PRMB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 31.86, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
29.59
36.00
We found 3 important support areas.
- A support zone ranging from 31.42 to 31.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.46 from a horizontal line in the daily time frame.
- Support @29.89 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 32.21 to 32.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.80 to 35.64. 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 PRMB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRMB is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | PRMB has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRMB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRMB is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 47.35 | NEUTRAL | The RSI value for PRMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PRMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.72 | NEUTRAL | The Stochastics value for PRMB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for PRMB suggests some volalility. |
| Average Directional Index/ADX (14) | 28.66 | POSITIVE | The high ADX value value for PRMB 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)
32.15
-0.92 (-2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-2.78%
1 Week0.88%
2 Weeks-0.53%
1 Month-2.72%
3 Month1.71%
6 Month5.31%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%2.92%
ATR Inc12.58%
Range Today1.48
ADR(20)0.91
ADR(20)%2.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High33.29
10 Day Low31.15
20 Day High33.7
20 Day Low30.77
52 Week HighN/A
52 Week LowN/A
CS1 End31.86
CR1 Start32.21
Volume & EV
DER(3)-3.75%
DER(5)-0.79%
Volume6.27M
Volume Incr-9.96%
Vol(5)5.50M
Vol(50)5.27M