Previous Hold Today PRIM.L ranks #3034 as HOLD CANDIDATE. Next Hold
Today PRIM.L ranks #3034 as HOLD CANDIDATE.

PRIM.L stock Primoris Services Corp

PRIM.L stock
Primoris Services Corp

April 24, 2019
Change 0.00%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will PRIM.L stock price go up or down on Fri, 26 Apr 2019?

Primoris Services Corp Forecast and Stock Analysis

Technical PRIM.L stock analysis for April 24, 2019.

Hold candidate since 2019-04-18
Shorts n/a
Cash n/a
Loans n/a
Beta 1.43
ROA 5.54

No changes to the price of Primoris Services Corp in the last trading day. The price has been going up and down for this period, and there has been a 4.17% gain for the last 2 weeks.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the PRIM.L stock was £0.13.

During day the stock fluctuated 0.00% from a day low at £0.13 to a day high of £0.13.

30 day high of the PRIM.L stock price was £0.13 and low was £0.10.
90 day high was £0.15 and low was £0.10.
52 week high for the Primoris Services Corp - £7.08 and low - £0.09.

Trend

Primoris Services Corp has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is £0.12, a level that may pose a second chance to hit a runner. According to fan-theory £0.16 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

Primoris Services Corp holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at £0.12 and £0.11. A break down below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday April 23, 2019, which indicates further falls until a new bottom pivot has been found.

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A sell signal from a double top formation was found on Tuesday April 23, 2019 and based on theory for this formation the price should fall by -0.00% to £0.12 within 6 trading days since signal was issued (Wednesday May 01, 2019).

Relative Strength Index (RSI)

RSI14 is 85 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Primoris Services Corp finds support from accumulated volume at £0.12.

Support: £0.12 Price: £0.13 Resistance: £0.13

Risk

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 £0.00 between high and low, or 0.00%. For the last week, the stock has had a daily average volatility of 0.83%.

The stock is extremely overbought on RSI14 (85). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: £0.12 (-4.26%) (This stock has high daily movements and this gives high risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Previous Hold Today PRIM.L ranks #3034 as HOLD CANDIDATE. Next Hold
Today PRIM.L ranks #3034 as HOLD CANDIDATE.