We assign a technical rating of 3 out of 10 to PRVA. In the last year, PRVA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is bad, PRVA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 23.67, a Stop Loss order could be placed below this zone.
More info and screens
19.31
When analyzing the support we can see 3 important areas.
- A support zone ranging from 23.43 to 23.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 22.21 to 22.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @19.50 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 23.85 to 24.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | UP | POSITIVE | The long term trend for PRVA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRVA is down. |
| ChartMill Relative Strength | 67.76 | NEUTRAL | PRVA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRVA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRVA is below 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) | 45.68 | NEUTRAL | The RSI value for PRVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PRVA has a negative trend. |
| Stochastics (14,3) | 36.43 | NEUTRAL | The Stochastics value for PRVA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.75 | MEDIUM VOLATILITY | The ATR as a percentage value for PRVA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.2 | NEGATIVE | The low ADX value for PRVA suggests a weak or negative trend. |
23.69
-0.04 (-0.17%)
PRIVIA HEALTH GROUP INC / PRVA FAQ
What is the technical rating for PRVA stock?
ChartMill assigns a technical rating of 3 / 10 to PRVA.
What is the trend direction for PRVA stock?
The current trend direction for PRIVIA HEALTH GROUP INC (PRVA) is Bullish.
Can you provide the RSI signal for PRIVIA HEALTH GROUP INC?
PRIVIA HEALTH GROUP INC (PRVA) has an RSI value of 45.6788. 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 -0.0411221, indicating a bearish trend.
Can you provide the support and resistance levels for PRIVIA HEALTH GROUP INC?
PRIVIA HEALTH GROUP INC (PRVA) has a support level at 23.67 and a resistance level at 23.85. Check the full technical report for our detailed analysis of PRVA support and resistance levels.