Primo Water Corporation (PRMW) Technical Analysis
NYSE:PRMW • CA74167P1080
Current stock price
PRMW Technical Rating and Analysis
Overall PRMW gets a technical rating of 7 out of 10. In the last year, PRMW was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Looking at the yearly performance, PRMW did better than 89% of all other stocks.
- PRMW is part of the Beverages industry. There are 33 other stocks in this industry. PRMW outperforms 87% of them.
- PRMW is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PRMW is performing more or less in line with the market.
- PRMW has an average volume of 1786390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- In the last month PRMW has a been trading in the 21.60 - 28.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PRMW Weekly and Daily overview Charts
PRMW Setup Rating and Analysis
Although PRMW has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
PRMW Support and Resistance Analysis
23.93
When analyzing the support we notice one important area.
- A support zone ranging from 24.17 to 24.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @24.29 from a trend line in the daily time frame.
PRMW 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 PRMW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRMW is neutral. |
| ChartMill Relative Strength | 89.07 | POSITIVE | PRMW has a high relative strength, it outperformed 89.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRMW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PRMW is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRMW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.17 | NEUTRAL | The RSI value for PRMW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests PRMW has a negative trend. |
| Stochastics (14,3) | 34.04 | NEUTRAL | The Stochastics value for PRMW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.88 | MEDIUM VOLATILITY | The ATR as a percentage value for PRMW suggests some volalility. |
| Average Directional Index/ADX (14) | 30.37 | POSITIVE | The high ADX value value for PRMW suggests a strong trend. |
PRMW Chart- and CandleStick Pattern Analysis
PRMW Technicals: Chart, Performance Metrics, Trend & Indicators
24.21
-0.23 (-0.94%)
Primo Water Corporation / PRMW TA FAQ
What is the technical rating for PRMW stock?
ChartMill assigns a technical rating of 7 / 10 to PRMW.
What is the trend direction for PRMW stock?
The current trend direction for Primo Water Corporation (PRMW) is Bearish.
What is the RSI signal for PRMW stock?
Primo Water Corporation (PRMW) has an RSI value of 34.1721. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Primo Water Corporation?
The MACD indicator for Primo Water Corporation (PRMW) has a value of -0.434848, indicating a bearish trend.
What are the support and resistance levels for Primo Water Corporation (PRMW) stock?
Primo Water Corporation (PRMW) has a support level at 24.2 and a resistance level at 24.29. Check the full technical report for our detailed analysis of PRMW support and resistance levels.