PARSONS CORP (PSN) Technical Analysis
NYSE:PSN • US70202L1026
Current stock price
PSN Technical Rating and Analysis
Taking everything into account, PSN scores 1 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 85% of all other stocks performed better in the past year than PSN.
- 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.
- PSN has an average volume of 1316670 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 55% of 86 stocks in the same industry.
- In the last month PSN has a been trading in the 49.38 - 59.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PSN Weekly and Daily overview Charts
PSN Setup Rating and Analysis
PSN has a poor technical rating and the quality of the setup is also not perfect 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
PSN Support and Resistance Analysis
55.57
5 important resistance areas can be observed.
- A resistance zone ranging from 56.33 to 56.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @58.01 from a horizontal line in the daily time frame.
- A resistance zone ranging from 59.99 to 60.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @61.67 from a trend line in the weekly time frame.
- Resistance @72.46 from a trend line in the weekly time frame.
PSN 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 | 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 | 15.55 | NEGATIVE | PSN has a low relative strength, it was outperformed by 84.45% off all stocks 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) | 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) | 47.71 | NEUTRAL | The RSI value for PSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests PSN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.08 | NEUTRAL | The Stochastics value for PSN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for PSN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.33 | NEUTRAL | The ADX value for PSN suggests a possible start of a new trend. |
PSN Chart- and CandleStick Pattern Analysis
PSN Technicals: Chart, Performance Metrics, Trend & Indicators
56.13
+0.12 (+0.21%)
PARSONS CORP / PSN TA FAQ
What is the ChartMill technical rating of PARSONS CORP (PSN) stock?
ChartMill assigns a technical rating of 1 / 10 to PSN.
What is the current trend direction of PARSONS CORP (PSN) stock?
The current trend direction for PARSONS CORP (PSN) is Bearish.
What is the RSI signal for PARSONS CORP (PSN) stock?
PARSONS CORP (PSN) has an RSI value of 47.7089. This indicates that the stock is currently neutral.
What is the short term momentum for PSN stock?
The short term momentum for PARSONS CORP (PSN) is negative.
What is the support and resistance level for PSN stock?
PARSONS CORP (PSN) has a resistance level at 56.33. Check the full technical report for our detailed analysis of PSN support and resistance levels.