PRIVIA HEALTH GROUP INC (PRVA) Stock Technical Analysis
NASDAQ:PRVA • US74276R1023
Taking everything into account, PRVA scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. PRVA was also a bad performer in the overall market in the last year.
- 73% of all other stocks performed better in the past year than PRVA.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- PRVA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PRVA is lagging the market slightly.
- In the last month PRVA has a been trading in the 21.00 - 25.22 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- PRVA is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, PRVA did better than 50% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of PRVA is bad and it also does not present a 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
19.58
When analyzing the support we can see 2 important areas.
- A support zone ranging from 21.50 to 22.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.78 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @25.54 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 25.99 to 26.40. 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 | NEUTRAL | NEUTRAL | The long term trend for PRVA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRVA is up. |
| ChartMill Relative Strength | 27.84 | NEGATIVE | PRVA has a low relative strength, it was outperformed by 72.16% off all stocks 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) | DOWN | MIXED | The current price of PRVA is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PRVA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.41 | NEUTRAL | The RSI value for PRVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests PRVA has a positive trend. |
| Stochastics (14,3) | 84.3 | OVERBOUGHT | The high Stochastics value suggests PRVA may be overbought. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for PRVA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.85 | NEGATIVE | The low ADX value for PRVA suggests a weak or negative trend. |
23.75
-1.16 (-4.66%)
PRIVIA HEALTH GROUP INC / PRVA FAQ
What is the technical rating for PRVA stock?
ChartMill assigns a technical rating of 3 / 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 Bearish.
Can you provide the RSI signal for PRIVIA HEALTH GROUP INC?
PRIVIA HEALTH GROUP INC (PRVA) has an RSI value of 57.4105. This indicates that the stock is currently neutral.
What is the short term momentum for PRVA stock?
The short term momentum for PRIVIA HEALTH GROUP INC (PRVA) is positive.
What is the support and resistance level for PRVA stock?
PRIVIA HEALTH GROUP INC (PRVA) has a support level at 22.46 and a resistance level at 25.54. Check the full technical report for our detailed analysis of PRVA support and resistance levels.