PARSONS CORP (PSN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PSN - US70202L1026 - Common Stock
We assign a technical rating of 5 out of 10 to PSN. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, PSN is a bad performer.
PSN has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 83.84, a Stop Loss order could be placed below this zone.
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72.62
When analyzing the support we can see 3 important areas.
- A support zone ranging from 81.68 to 83.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 79.56 to 79.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @73.35 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important 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 | UP | POSITIVE | The long term trend for PSN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PSN is neutral. |
| ChartMill Relative Strength | 35.97 | 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) | UP | POSITIVE | The current price of PSN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.39 | NEUTRAL | The RSI value for PSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests PSN has a positive trend. |
| Stochastics (14,3) | 53.11 | NEUTRAL | The Stochastics value for PSN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for PSN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.29 | NEGATIVE | The low ADX value for PSN suggests a weak or negative trend. |
84.68
+0.55 (+0.65%)
PARSONS CORP / PSN FAQ
What is the ChartMill technical rating of PARSONS CORP (PSN) stock?
ChartMill assigns a technical rating of 5 / 10 to PSN.
Can you provide the trend direction for PARSONS CORP?
The current trend direction for PARSONS CORP (PSN) is Bullish.
What is the RSI signal for PSN stock?
PARSONS CORP (PSN) has an RSI value of 54.3891. 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.