PRIMO BRANDS CORP (PRMB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PRMB - US7416231022 - Common Stock
Taking everything into account, PRMB scores 4 out of 10 in our technical rating. In the past year, PRMB was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, PRMB is a bad performer in the overall market: 89% of all stocks are doing better.
- PRMB is one of the lesser performing stocks in the Beverages industry. 80% of 32 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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- PRMB has an average volume of 6876130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
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.
More info and screens
15.94
We found 2 important support areas.
- A support zone ranging from 16.79 to 16.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 16.10 to 16.11. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.83 to 18.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 19.26 to 19.44. 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 | DOWN | NEGATIVE | The long term trend for PRMB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRMB is up. |
| ChartMill Relative Strength | 11.08 | NEGATIVE | PRMB has a low relative strength, it was outperformed by 88.92% 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) | 61.48 | NEUTRAL | The RSI value for PRMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests PRMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.38 | NEUTRAL | The Stochastics value for PRMB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for PRMB suggests some volalility. |
| Average Directional Index/ADX (14) | 31.02 | POSITIVE | The high ADX value value for PRMB suggests a strong trend. |
18.73
-0.31 (-1.63%)
PRIMO BRANDS CORP / PRMB 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 61.478. 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 0.0714025, indicating a bearish trend.
Can you provide the buy/sell signal for PRIMO BRANDS CORP?
The buy/sell signal for PRIMO BRANDS CORP (PRMB) is hold as the short term and long term trends are mixed.