PARSONS CORP (PSN) Stock Technical Analysis
NYSE:PSN - US70202L1026 - Common Stock
79.91 USD
+0.21 (+0.26%)
79.91 USD
0 (0%)
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.
The long and short term trends are both positive. This is looking good!
PSN is part of the Professional Services industry. There are 81 other stocks in this industry. PSN outperforms 75% of them.
In the last month PSN has a been trading in the 72.34 - 82.25 range, which is quite wide. It is currently trading near the high of this range.
PSN has an average volume of 1053770 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 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 and also presents 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 77.93, a Stop Loss order could be placed below this zone.
More info and screens
70.36
82.67
We found 3 important support areas.
- A support zone ranging from 77.93 to 77.93. 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 73.35 to 73.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @71.07 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 79.92 to 81.85. 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 | 47.26 | 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 | MIXED | The current price of PSN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.4 | NEUTRAL | The RSI value for PSN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests PSN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.56 | NEUTRAL | The Stochastics value for PSN is a neutral value. |
| 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) | 26.32 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 81.86 | 77.92 | 3.94 (4.81%) | 20.78% |
| An entry @81.86. This is a Buy Stop order right above the resistance zone. | An exit @77.92. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.94 points, which is 4.81%. | When investing 20.78% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
79.91
+0.21 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0.26%
1 Week1.59%
2 Weeks-0.12%
1 Month5.87%
3 Month23.24%
6 Month37.26%
12 Month-16.29%
2 Year40.14%
3 Year93.11%
5 Year140.26%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.86
ATR(20)%2.44%
ATR Inc-58.19%
Range Today0.91
ADR(20)1.93
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.26
Mansfield-1
10 Day High82.25
10 Day Low77.29
20 Day High82.25
20 Day Low72.34
52 Week High114.68
52 Week Low54.56
CS1 End77.93
CR1 Start79.92
Volume & EV
DER(3)-3.37%
DER(5)-1.36%
Volume905.90K
Volume Incr-24.43%
Vol(5)746.50K
Vol(50)1.05M