PARSONS CORP (PSN) Stock Technical Analysis
USA - NYSE:PSN - US70202L1026 - Common Stock
85.93 USD
+3.85 (+4.69%)
85.93 USD
0 (0%)
Overall PSN gets a technical rating of 4 out of 10. PSN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
74% of all other stocks performed better in the past year than PSN.
PSN is one of the better performing stocks in the Professional Services industry, it outperforms 75% of 87 stocks in the same industry.
PSN has an average volume of 1012890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
PSN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PSN is lagging the market slightly.
In the last month PSN has a been trading in the 77.45 - 87.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
PSN has an average technical rating and also 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
72.62
90.18
When analyzing the support we can see 4 important areas.
- A support zone ranging from 79.56 to 83.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @77.77 from a trend line in the daily time frame.
- Support @75.65 from a horizontal line in the weekly time frame.
- Support @73.35 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @87.48 from a horizontal line in the weekly time frame.
- Resistance @89.29 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for PSN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PSN is neutral. |
| ChartMill Relative Strength | 26.56 | NEGATIVE | PSN has a low relative strength, it was outperformed by 73.44% 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) | UP | POSITIVE | The current price of PSN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.88 | NEUTRAL | The RSI value for PSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests PSN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 71.18 | NEUTRAL | The Stochastics value for PSN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for PSN suggests some volalility. |
| Average Directional Index/ADX (14) | 15.75 | NEGATIVE | The low ADX value for PSN suggests a weak or negative 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)
85.93
+3.85 (+4.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg4.69%
1 Week3.36%
2 Weeks2.1%
1 Month0.09%
3 Month10.72%
6 Month34.08%
12 Month-23.75%
2 Year37.95%
3 Year73.6%
5 Year162.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.02
ATR(20)%3.28%
ATR Inc51.34%
Range Today5.06
ADR(20)2.73
ADR(20)%3.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.56
3 months CRS79.47
6 months CRS83.99
Mansfield0.12
10 Day High86.38
10 Day Low77.45
20 Day High87.43
20 Day Low77.45
52 Week High114.2
52 Week Low54.56
CS1 End83.46
CR1 Start87.48
Volume & EV
DER(3)-0.48%
DER(5)-0.34%
Volume1.72M
Volume Incr98.03%
Vol(5)1.43M
Vol(50)1.01M
PARSONS CORP / PSN FAQ
What is the ChartMill technical rating of PARSONS CORP (PSN) stock?
ChartMill assigns a technical rating of 4 / 10 to PSN.
Can you provide the trend direction for PARSONS CORP?
The current trend direction for PARSONS CORP (PSN) is Bearish.
What is the RSI signal for PSN stock?
PARSONS CORP (PSN) has an RSI value of 57.8802. This indicates that the stock is currently neutral.
What is the short term momentum for PARSONS CORP (PSN) stock?
The short term momentum for PARSONS CORP (PSN) is neutral.