PARSONS CORP (PSN) Stock Technical Analysis
NYSE:PSN - New York Stock Exchange, Inc. - US70202L1026 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to PSN. Although PSN 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 PSN has a been trading in the 66.06 - 77.98 range, which is quite wide. It is currently trading near the high of this range.
PSN has an average volume of 1427000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, PSN outperforms 47% of them, which is more or less in line with the market.
PSN is an average performer in the Professional Services industry, it outperforms 58% of 82 stocks in the same industry.
PSN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PSN is lagging the market.
PSN has an excellent technical rating, but the quality of the setup is only medium 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
58.68
76.44
We found 3 important support areas.
- A support zone ranging from 68.49 to 70.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 66.37 to 67.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.27 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 74.88 to 75.68. 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 PSN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSN is up. |
| ChartMill Relative Strength | 47.82 | NEUTRAL | PSN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSN is above the rising 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) | 66.04 | NEUTRAL | The RSI value for PSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests PSN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.42 | NEUTRAL | The Stochastics value for PSN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for PSN suggests some volalility. |
| Average Directional Index/ADX (14) | 30.16 | POSITIVE | The high ADX value value for PSN 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)
74.87
+0.09 (+0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.12%
1 Week0.71%
2 Weeks6.09%
1 Month6.38%
3 Month14.97%
6 Month-21.38%
12 Month-3.37%
2 Year51.5%
3 Year73.19%
5 Year114.96%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.88
ATR(20)%2.5%
ATR Inc-17.61%
Range Today1.71
ADR(20)1.78
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.82
Mansfield-1.59
10 Day High77.98
10 Day Low70.58
20 Day High77.98
20 Day Low66.06
52 Week High114.68
52 Week Low54.56
CS1 End70.37
CR1 Start74.88
Volume & EV
DER(3)-0.16%
DER(5)-0.48%
Volume1.09M
Volume Incr5.36%
Vol(5)1.23M
Vol(50)1.43M