PRIMO BRANDS CORP (PRMB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PRMB - US7416231022 - Common Stock
Taking everything into account, PRMB scores 1 out of 10 in our technical rating. PRMB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
PRMB has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 16.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.97, a Stop Loss order could be placed below this zone.
More info and screens
15.62
When analyzing the support we notice one important area.
- A support zone ranging from 15.78 to 15.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 16.42 to 16.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.73 from a trend line in the daily time frame.
- Resistance @20.88 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for PRMB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRMB is down. |
| ChartMill Relative Strength | 8.01 | NEGATIVE | PRMB has a low relative strength, it was outperformed by 91.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRMB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRMB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PRMB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.9 | NEUTRAL | The RSI value for PRMB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests PRMB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.09 | NEUTRAL | The Stochastics value for PRMB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for PRMB suggests some volalility. |
| Average Directional Index/ADX (14) | 28.63 | POSITIVE | The high ADX value value for PRMB suggests a strong trend. |
16.1
-0.15 (-0.92%)
PRIMO BRANDS CORP / PRMB FAQ
Can you provide the ChartMill technical rating for PRIMO BRANDS CORP?
ChartMill assigns a technical rating of 1 / 10 to PRMB.
Can you provide the trend direction for PRIMO BRANDS CORP?
The current trend direction for PRIMO BRANDS CORP (PRMB) is Bearish.
What is the RSI signal for PRMB stock?
PRIMO BRANDS CORP (PRMB) has an RSI value of 42.8965. This indicates that the stock is currently neutral.
What is the MACD signal for PRIMO BRANDS CORP (PRMB) stock?
The MACD indicator for PRIMO BRANDS CORP (PRMB) has a value of 0.226549, indicating a bearish trend.
What is the short term momentum for PRIMO BRANDS CORP (PRMB) stock?
The short term momentum for PRIMO BRANDS CORP (PRMB) is negative.