Primoris Services Corp Forecast and Stock Analysis
Technical PRIM.L stock analysis for February 15, 2019.
No changes to the price of Primoris Services Corp in the last trading day. The price has fallen in 5 of the last 10 days and is down by -17.86% for this period.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the PRIM.L stock was £0.12.
During day the stock fluctuated 0.00% from a day low at £0.12 to a day high of £0.12.
30 day high of the PRIM.L stock price was £0.15 and low was £0.12.
90 day high was £0.15 and low was £0.09.
52 week high for the Primoris Services Corp - £7.08 and low - £0.09.
Primoris Services Corp lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £0.11 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.92% during the next 3 months and, with 90% probability hold a price between £0.12 and £0.18 at the end of this period.
There are mixed signals in the stock today. Primoris Services Corp holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at £0.13 and £0.12. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday February 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)
RSI14 is 30 and the stock is currently not being overbought or oversold
Support & Resistance
Primoris Services Corp finds support from accumulated volume at £0.11.
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 4.08%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Primoris Services Corp holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.