Primo Water Corporation (PRMW) Stock Technical Analysis
NYSE:PRMW - New York Stock Exchange, Inc. - CA74167P1080 - Common Stock - Currency: USD
Taking everything into account, PRMW scores 7 out of 10 in our technical rating. 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.
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
23.93
24.53
We found 1 important support 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.
When analyzing the resistance we notice one important area.
- Resistance @24.29 from a trend line in the daily time frame.
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. |
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)
24.21
-0.23 (-0.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg-0.94%
1 Week-8.74%
2 Weeks-12.28%
1 Month-6.34%
3 Month12.34%
6 Month14.31%
12 Month64.92%
2 Year54.7%
3 Year45.67%
5 Year137.35%
10 Year451.48%
15 YearN/A
Volatility
ATR(14)1.09
ATR(20)%3.88%
ATR Inc439.71%
Range Today2.38
ADR(20)0.92
ADR(20)%3.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.07
Mansfield0.82
10 Day High27.87
10 Day Low21.6
20 Day High28.06
20 Day Low21.6
52 Week High28.06
52 Week Low14.06
CS1 End24.2
CR1 Start24.29
Volume & EV
DER(3)-1.56%
DER(5)-0.23%
Volume11.42M
Volume Incr240.31%
Vol(5)5.09M
Vol(50)1.79M