Primoris Services Corporation Stock Forecast

Stock Analysis |
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Risk Assessment |
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Trading Strategy |
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Red day on Thursday for Primoris Services Corporation stock after losing 0.719%
(Updated on Feb 13, 2025)
The Primoris Services Corporation stock price fell by -0.719% on the last day (Thursday, 13th Feb 2025) from $75.07 to $74.53. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.86% from a day low at $72.56 to a day high of $76.09. The price has fallen in 6 of the last 10 days and is down by -3.26% for this period. Volume has increased on the last day by 319 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 847 thousand shares were bought and sold for approximately $63.11 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.80% during the next 3 months and, with a 90% probability hold a price between $64.83 and $83.56 at the end of this 3-month period.

PRIM Signals & Forecast
There are few to no technical positive signals at the moment. The Primoris Services Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $77.36 and $79.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 10, 2025, and so far it has fallen -6.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Primoris Services Corporation stock
Primoris Services Corporation finds support from accumulated volume at $72.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.53 between high and low, or 4.86%. For the last week, the stock has had daily average volatility of 3.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRIM) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect Primoris Services Corporation to open at $74.39, and during the day (based on 14 day Average True Range), to move between $71.02 and $78.04, which gives a possible trading interval of +/-$3.51 (+/-4.71%) up or down from last closing price. If Primoris Services Corporation takes out the full calculated possible swing range there will be an estimated 9.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $76.41 (2.52%) than the support at $72.27 (3.03%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Primoris Services Corporation stock A Buy?
Primoris Services Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score:
-5.503
Strong Sell Candidate
Unchanged
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Predicted Fair Opening Price
Predicted fair opening price on February 14, 2025 - $74.39 ( 0.183%).PRIM Performance
Trading levels for PRIM
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 77.92 | 4.55% |
R2 | 76.57 | 2.74% |
R1 | 75.74 | 1.63% |
Price | 74.53 | |
S1 | 73.04 | -1.99% |
S2 | 72.21 | -3.11% |
S3 | 70.86 | -4.92% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 77.99 | 4.64% |
R2 | 76.82 | 3.07% |
R1 | 76.41 | 2.52% |
Price | 74.53 | |
S1 | 72.27 | -3.03% |
S2 | 69.06 | -7.34% |
S3 | 0 | - |
PRIM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 04, 2024 | Dec 31, 2024 | Jan 15, 2025 | $0.0800 | 0.0953% |
2 | Aug 05, 2024 | Sep 27, 2024 | Oct 11, 2024 | $0.0600 | 0.0976% |
3 | Aug 19, 2024 | Aug 19, 2024 | Aug 30, 2024 | $0.300 | 0.532% |
4 | May 01, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.0600 | 0.115% |
5 | Feb 21, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.0600 | 0.134% |
FAQ
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