PRIVIA HEALTH GROUP INC (PRVA) Technical Analysis
NASDAQ:PRVA • US74276R1023
Current stock price
PRVA Technical Rating and Analysis
Taking everything into account, PRVA scores 8 out of 10 in our technical rating. Although PRVA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month PRVA has a been trading in the 19.86 - 24.50 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, PRVA outperforms 49% of them, which is more or less in line with the market.
- PRVA is part of the Health Care Providers & Services industry. There are 100 other stocks in this industry, PRVA did better than 62% of them.
- PRVA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRVA is lagging the market.
PRVA Weekly and Daily overview Charts
PRVA Setup Rating and Analysis
Besides having an excellent technical rating, PRVA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.22, a Stop Loss order could be placed below this zone.
More info and screens
PRVA Support and Resistance Analysis
19.88
We found 3 important support areas.
- A support zone ranging from 23.50 to 24.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.44 to 22.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.08 to 20.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @24.56 from a horizontal line in the daily time frame.
- Resistance @25.54 from a horizontal line in the weekly time frame.
PRVA 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 | UP | POSITIVE | The long term trend for PRVA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRVA is up. |
| ChartMill Relative Strength | 49.13 | NEUTRAL | PRVA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRVA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.35 | NEUTRAL | The RSI value for PRVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests PRVA has a positive trend. |
| Stochastics (14,3) | 83.46 | OVERBOUGHT | The high Stochastics value suggests PRVA may be overbought. |
| Average True Range in percent/ATR (20) | 3.06 | MEDIUM VOLATILITY | The ATR as a percentage value for PRVA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.79 | NEGATIVE | The low ADX value for PRVA suggests a weak or negative trend. |
PRVA Chart- and CandleStick Pattern Analysis
PRVA Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.57 | 23.49 | 1.08 (4.40%) | 22.75% |
| An entry @24.57. This is a Buy Stop order right above the resistance zone. | An exit @23.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.08 points, which is 4.40%. | When investing 22.75% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PRVA Technicals: Chart, Performance Metrics, Trend & Indicators
24.41
+0.57 (+2.39%)
PRIVIA HEALTH GROUP INC / PRVA TA FAQ
What is the technical rating for PRVA stock?
ChartMill assigns a technical rating of 8 / 10 to PRVA.
Can you provide the trend direction for PRIVIA HEALTH GROUP INC?
The current trend direction for PRIVIA HEALTH GROUP INC (PRVA) is Bullish.
What is the RSI signal for PRVA stock?
PRIVIA HEALTH GROUP INC (PRVA) has an RSI value of 66.3538. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PRIVIA HEALTH GROUP INC?
The MACD indicator for PRIVIA HEALTH GROUP INC (PRVA) has a value of 0.155019, indicating a bearish trend.
What is the buy/sell signal for PRIVIA HEALTH GROUP INC (PRVA) stock?
The buy/sell signal for PRIVIA HEALTH GROUP INC (PRVA) is buy as both the short term and long term trends are positive.