Logo image of PSN

PARSONS CORP (PSN) Stock Technical Analysis

NYSE:PSN - New York Stock Exchange, Inc. - US70202L1026 - Common Stock

96.44  +1.21 (+1.27%)

After market: 96.44 0 (0%)

Technical Rating and Analysis

6

We assign a technical rating of 6 out of 10 to PSN. In the past year, PSN was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, PSN did better than 80% of all other stocks.
PSN is part of the Professional Services industry. There are 82 other stocks in this industry. PSN outperforms 74% of them.
In the last month PSN has a been trading in the 89.65 - 97.91 range, which is quite wide. It is currently trading near the high of this range.
PSN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PSN is lagging the market.

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Weekly and Daily overview Charts
PARSONS CORP / PSN Weekly stock chart
PARSONS CORP / PSN Daily stock chart
Setup Rating and Analysis

8

PSN has only a medium 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 96.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 94.36, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

87.62

98.26

2 important support areas can be observed.

  • A support zone ranging from 90.51 to 94.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @88.51 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 96.45 to 97.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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
CRS80.46
Mansfield0
10 Day High97.91
10 Day Low89.65
20 Day High97.91
20 Day Low89.65
52 Week High114.68
52 Week Low64.33
Performance
1 Week3.16%
2 Weeks4.49%
1 Month1.61%
3 Month-7.46%
6 Month26.03%
12 Month45.33%
2 Year121.6%
3 Year216.72%
5 Year135.8%
10 YearN/A
15 YearN/A

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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)

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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)0.73
RSI(14)56.49
LBB89.62
UBB96.84

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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
97.3089.647.66 (7.87%)12.70%
An entry @97.30. This is a Buy Stop order right above the resistance zone.An exit @89.64. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 7.66 points, which is 7.87%.For a 1.00% total portfolio risk, you can invest 12.70% 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.

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PARSONS CORP / PSN Daily stock chart

PARSONS CORP

NYSE:PSN (1/21/2025, 8:22:01 PM)

After market: 96.44 0 (0%)

96.44

+1.21 (+1.27%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg1.27%
1 Week3.16%
2 Weeks4.49%
1 Month1.61%
3 Month-7.46%
6 Month26.03%
12 Month45.33%
2 Year121.6%
3 Year216.72%
5 Year135.8%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.18
ATR(20)%2.2%
ATR Inc-3.07%
Range Today1.9
ADR(20)2.07
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.46
Mansfield0
10 Day High97.91
10 Day Low89.65
20 Day High97.91
20 Day Low89.65
52 Week High114.68
52 Week Low64.33
CS1 End94.36
CR1 Start96.45
Volume & EV
DER(3)1.83%
DER(5)0.14%
Volume893.10K
Volume Incr-7.65%
Vol(5)697.36K
Vol(50)884.46K