PRIM Forecast and Technical Stock Analysis
Buy candidate since 2019-11-12 Loss -1.34% PDF
No changes to the price of Primoris Services Corporation in the last trading day ( Friday, 15th Nov 2019 ). During the day the stock fluctuated 1.99% from a day low at $21.59 to a day high of $22.02. The price has fallen in 5 of the last 10 days , but is still up by 3.14% over the past 2 weeks.
- 30 day high of the PRIM stock price was $23.73 and low was $20.00.
- 90 day high was $23.73 and low was $17.80.
- 52 week high for Primoris Services Corporation - $24.86 and low - $17.80.
Primoris Services Corporation lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.79% during the next 3 months and, with 90% probability hold a price between $23.46 and $27.29 at the end of this period.
Only positive signals in the chart today. Primoris Services Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $21.87. On a fall, the stock will find some support from the long-term average at approximately $20.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday November 13, 2019, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 54 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $20.51 and $20.44.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Primoris Services Corporation finds support just below today's level at $20.51. If this is broken, then the next support from accumulated volume will be at $20.44 and $20.17.
This stock may move much during a 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 $0.43 between high and low, or 1.99%. For the last week, the stock has had a daily average volatility of 2.10%.
Our recommended stop-loss: $20.30 (-6.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
2.10 %Average volatility
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|PRIM $21.65 ($0.00 0.00%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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