PRIMEENERGY RESOURCES CORP (PNRG)
US74158E1047 - Common Stock
We assign a technical rating of 8 out of 10 to PNRG. PNRG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Warning: PNRG has an average volume of 2062 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, PNRG did better than 78% of all other stocks.
In the last month PNRG has a been trading in the 98.55 - 106.75 range, which is quite wide. It is currently trading near the high of this range.
PNRG is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 60% of 213 stocks in the same industry.
PNRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PNRG is lagging the market.
Considerably lower volume is observed in the last couple of days.
PNRG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 108.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 104.95, a Stop Loss order could be placed below this zone.
More info and screens
92.58
109.57
When analyzing the support we can see 4 important areas.
- A support zone ranging from 100.63 to 104.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 98.01 to 98.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @96.17 from a horizontal line in the daily time frame.
- A support zone ranging from 93.52 to 93.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @108.49 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.13
Mansfield-0.81
10 Day High106.75
10 Day Low100.07
20 Day High106.75
20 Day Low98.55
52 Week High120
52 Week Low83.9
Performance
1 Week1.61%
2 Weeks2.19%
1 Month4.63%
3 Month8.98%
6 Month-1.91%
12 Month27.37%
2 Year24.88%
3 Year151.77%
5 Year-20.81%
10 Year79.19%
15 Year178.28%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.13
RSI(14)57.71
LBB101.53
UBB106.88
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 108.50 | 100.06 | 8.44 (7.78%) | 12.86% |
| An entry @108.50. This is a Buy Stop order right above the resistance zone. | An exit @100.06. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.44 points, which is 7.78%. | For a 1.00% total portfolio risk, you can invest 12.86% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PRIMEENERGY RESOURCES CORP
NASDAQ:PNRG (5/17/2024, 7:20:39 PM)
105.72
+2.02 (+1.95%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.95%
1 Week1.61%
2 Weeks2.19%
1 Month4.63%
3 Month8.98%
6 Month-1.91%
12 Month27.37%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.37
ATR(20)%2.11%
ATR Inc
Range Today0
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High106.75
10 Day Low100.07
20 Day High106.75
20 Day Low98.55
52 Week High120
52 Week Low83.9
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume700
Volume Incr-61.72%
Vol(5)1.16K
Vol(50)2.06K