PRIMEENERGY RESOURCES CORP (PNRG) Stock Technical Analysis
NASDAQ:PNRG - Nasdaq - US74158E1047 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PNRG. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month PNRG has a been trading in the 190.81 - 239.87 range, which is quite wide. It is currently trading near the lows of this range.
Warning: PNRG has an average volume of 16176 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Looking at the yearly performance, PNRG did better than 94% of all other stocks. On top of that, PNRG also shows a nice and consistent pattern of rising prices.
PNRG is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 93% of 211 stocks in the same industry.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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.
Although PNRG has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
109.75
229.27
4 important support areas can be observed.
- A support zone ranging from 193.59 to 193.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @181.09 from a trend line in the daily time frame.
- Support @123.09 from a trend line in the weekly time frame.
- Support @110.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 193.61 to 197.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 203.91 to 206.96. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @227.00 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
CRS94.08
Mansfield2.65
10 Day High207
10 Day Low190.81
20 Day High239.87
20 Day Low190.81
52 Week High243.49
52 Week Low96.02
Performance
1 Week-0.62%
2 Weeks-6.24%
1 Month-12%
3 Month-4.61%
6 Month46.84%
12 Month101.3%
2 Year111.59%
3 Year161.38%
5 Year47.79%
10 Year229.03%
15 Year672.24%
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)-1.72
RSI(14)42.49
LBB188.1
UBB214.61
NASDAQ:PNRG (2/21/2025, 8:00:01 PM)
193.6
-3.05 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.55%
1 Week-0.62%
2 Weeks-6.24%
1 Month-12%
3 Month-4.61%
6 Month46.84%
12 Month101.3%
2 Year111.59%
3 Year161.38%
5 Year47.79%
10 Year229.03%
15 Year672.24%
Volatility
ATR(14)7.79
ATR(20)%5.24%
ATR Inc-28.61%
Range Today7.71
ADR(20)9.75
ADR(20)%5.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.08
Mansfield2.65
10 Day High207
10 Day Low190.81
20 Day High239.87
20 Day Low190.81
52 Week High243.49
52 Week Low96.02
CS1 End193.59
CR1 Start193.61
Volume & EV
DER(3)-1.5%
DER(5)-0.6%
Volume10.50K
Volume Incr-47.6%
Vol(5)11.80K
Vol(50)16.18K