Stronger Sell Today PRMW ranks #4582 as SELL CANDIDATE #4582 Weaker Sell

PRMW stock forecast Primo Water Corporation

PRMW stock forecast

Monday December 09, 2019 Change -3.13% Price $10.36
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

PRMW Forecast and Technical Stock Analysis


Sell candidate since 2019-12-05 Loss -1.05% PDF

Primo Water Corporation fell by -3.13% in the last day ( Monday, 9th Dec 2019 ) from $10.70 to $10.36 During the day the stock fluctuated 3.38% from a day low at $10.35 to a day high of $10.70. The price has risen in 6 of the last 10 days and is up by 4.96% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -36 320 shares and in total 147 668 shares bought and sold for approximately $1.53 million.

Quick summary:

  • 30 day high of the PRMW stock price was $10.78 and low was $9.54.
  • 90 day high was $13.28 and low was $9.54.
  • 52 week high for Primo Water Corporation - $16.35 and low - $9.54.
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Trend

Primo Water Corporation lies in the middle of a 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 -23.19% during the next 3 months and, with 90% probability hold a price between $6.83 and $8.50 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Primo Water Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $10.44 and $10.82. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday December 06, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 64 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

Primo Water Corporation finds support from accumulated volume at $10.04.

Support: $10.04 Price: $10.36 Resistance: $10.75

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.35 (3.38%) between high and low. For the last week, the stock has had daily average volatility of 3.38%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

3.38 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Primo Water Corporation holds several negative signals and is within a 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.

Stronger Sell Today PRMW ranks #4582 as SELL CANDIDATE #4582 Weaker Sell
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