PARSONS CORP (PSN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PSN - US70202L1026 - Common Stock
We assign a technical rating of 2 out of 10 to PSN. Recently some decent action could be observed, but in the medium term time frame this is still negative. PSN was also a bad performer in the overall market in the last year.
- 87% of all other stocks performed better in the past year than PSN.
- In the last month PSN has a been trading in the 60.00 - 70.98 range, which is quite wide. It is currently trading near the high of this range.
- PSN has an average volume of 1572760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- PSN is part of the Professional Services industry. There are 87 other stocks in this industry, PSN did better than 41% of them.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
58.29
When analyzing the support we can see 3 important areas.
- A support zone ranging from 63.40 to 64.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 60.20 to 61.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @58.88 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 70.38 to 71.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @81.81 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 | UP | POSITIVE | The short term trend for PSN is up. |
| ChartMill Relative Strength | 13.95 | NEGATIVE | PSN has a low relative strength, it was outperformed by 86.05% 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) | UP | MIXED | The current price of PSN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.43 | NEUTRAL | The RSI value for PSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.49 | POSITIVE | The MACD value suggests PSN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.07 | OVERBOUGHT | The high Stochastics value suggests PSN may be overbought. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for PSN suggests some volalility. |
| Average Directional Index/ADX (14) | 24.79 | NEUTRAL | The ADX value for PSN suggests a possible start of a new trend. |
70.37
+1.19 (+1.72%)
PARSONS CORP / PSN FAQ
What is the ChartMill technical rating of PARSONS CORP (PSN) stock?
ChartMill assigns a technical rating of 2 / 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 57.4293. 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 1.49262, indicating a bullish trend.
Can you provide the buy/sell signal for PARSONS CORP?
The buy/sell signal for PARSONS CORP (PSN) is hold as the short term and long term trends are mixed.