PARSONS CORP (PSN) Stock Technical Analysis
NYSE:PSN • US70202L1026
We assign a technical rating of 0 out of 10 to PSN. PSN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, PSN is a bad performer in the overall market: 83% of all stocks are doing better.
- PSN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month PSN has a been trading in the 59.13 - 74.63 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- PSN has an average volume of 1650670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PSN is an average performer in the Professional Services industry, it outperforms 56% of 89 stocks in the same industry.
The technical rating of PSN 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
57.63
2 important support areas can be observed.
- Support @61.98 from a trend line in the weekly time frame.
- Support @58.21 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 69.21 to 70.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 72.73 to 72.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @77.29 from a trend line in the weekly time frame.
- Resistance @79.46 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 | DOWN | NEGATIVE | The long term trend for PSN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PSN is down. |
| ChartMill Relative Strength | 17.27 | NEGATIVE | PSN has a low relative strength, it was outperformed by 82.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PSN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PSN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PSN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.6 | NEUTRAL | The RSI value for PSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.88 | NEGATIVE | The MACD value suggests PSN has a negative trend. |
| Stochastics (14,3) | 21.18 | NEUTRAL | The Stochastics value for PSN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for PSN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.85 | NEUTRAL | The ADX value for PSN suggests a possible start of a new trend. |
63.38
+0.71 (+1.13%)
PARSONS CORP / PSN FAQ
What is the ChartMill technical rating of PARSONS CORP (PSN) stock?
ChartMill assigns a technical rating of 0 / 10 to PSN.
What is the current trend direction of PARSONS CORP (PSN) stock?
The current trend direction for PARSONS CORP (PSN) is Bearish.
Can you provide the RSI signal for PARSONS CORP?
PARSONS CORP (PSN) has an RSI value of 38.605. This indicates that the stock is currently neutral.
What is the MACD signal for PARSONS CORP (PSN) stock?
The MACD indicator for PARSONS CORP (PSN) has a value of -0.879169, indicating a bearish trend.
Can you provide the buy/sell signal for PARSONS CORP?
The buy/sell signal for PARSONS CORP (PSN) is sell as both the short term and long term trends are negative.