PREMIER INC-CLASS A (PINC)

US74051N1028 - Common Stock

22.435  +0.04 (+0.2%)

Technical Rating and Analysis

8

Overall PINC gets a technical rating of 8 out of 10. Although PINC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.
PINC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PINC is lagging the market slightly.
PINC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, PINC outperforms 56% of them, which is more or less in line with the market.
PINC is an average performer in the Health Care Providers & Services industry, it outperforms 66% of 113 stocks in the same industry.
Weekly and Daily overview Charts
PINC Weekly chart
PINC Daily chart
Setup Rating and Analysis

6

PINC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 22.88. Right above this resistance zone may be a good entry point.

Support and Resistance Analysis

18.89

23.57

We found 3 important support areas.

  • A support zone ranging from 20.42 to 20.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 19.51 to 19.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 19.08 to 19.19. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 2 important resistance areas.

  • A resistance zone ranging from 22.88 to 22.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @23.34 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.57
Mansfield-0.31
10 Day High23.43
10 Day Low20.43
20 Day High23.43
20 Day Low19.68
52 Week High23.43
52 Week Low17.95
Performance
1 Week-3.07%
2 Weeks11.89%
1 Month12.68%
3 Month9.22%
6 Month17.9%
12 Month7.03%
2 Year-32.86%
3 Year-39.6%
5 Year-37%
10 Year-34.19%
15 YearN/A
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)0.07
RSI(14)61.92
LBB19.62
UBB24.6
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
22.8920.422.47 (10.79%)9.27%
An entry @22.89. This is a Buy Stop order right above the resistance zone.An exit @20.42. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 2.47 points, which is 10.79%.When investing 9.27% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
PINC Daily chart

PREMIER INC-CLASS A

NASDAQ:PINC (11/19/2024, 11:27:48 AM)

22.435

+0.04 (+0.2%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.2%
1 Week-3.07%
2 Weeks11.89%
1 Month12.68%
3 Month9.22%
6 Month17.9%
12 Month7.03%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.65
ATR(20)%2.5%
ATR Inc
Range Today0.35
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 High23.43
10 Day Low20.43
20 Day High23.43
20 Day Low19.68
52 Week High23.43
52 Week Low17.95
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume121.42K
Volume Incr-16.94%
Vol(5)748.14K
Vol(50)914.76K