PRIMORIS SERVICES - Daily - Technical analysis published on 02/10/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
22%
39%
39%
My opinion
Neutral between 21.30 USD and 22.36 USD
My targets
-
My analysis
The short-term decline on PRIMORIS SERVICES remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 21.30 USD. The first resistance is located at 22.36 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PRIMORIS SERVICES rating 21.74 USD. The price has increased by +0.00% since the last closing with the lowest point at 21.67 USD and the highest point at 21.86 USD. The deviation from the price is +0.32% for the low point and -0.55% for the high point.21.67
21.86
21.74
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of PRIMORIS SERVICES indicates that the overall trend is slightly bullish. 57.14% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Dark cloud cover
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 19.23 | 19.75 | 21.30 | 21.74 | 22.36 | 23.20 | 23.66 |
| Change (%) | -11.55% | -9.15% | -2.02% | - | +2.85% | +6.72% | +8.83% |
| Change | -2.51 | -1.99 | -0.44 | - | +0.62 | +1.46 | +1.92 |
| Level | Intermediate | Intermediate | Major | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.23 | 21.38 | 21.56 | 21.71 | 21.89 | 22.04 | 22.22 |
| Camarilla | 21.65 | 21.68 | 21.71 | 21.74 | 21.77 | 21.80 | 21.83 |
| Woodie | 21.25 | 21.39 | 21.58 | 21.72 | 21.91 | 22.05 | 22.24 |
| Fibonacci | 21.38 | 21.51 | 21.58 | 21.71 | 21.84 | 21.91 | 22.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.22 | 20.79 | 21.26 | 21.83 | 22.30 | 22.87 | 23.34 |
| Camarilla | 21.45 | 21.55 | 21.65 | 21.74 | 21.84 | 21.93 | 22.03 |
| Woodie | 20.18 | 20.77 | 21.22 | 21.81 | 22.26 | 22.85 | 23.30 |
| Fibonacci | 20.79 | 21.18 | 21.43 | 21.83 | 22.22 | 22.47 | 22.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.28 | 19.68 | 20.51 | 21.91 | 22.73 | 24.13 | 24.96 |
| Camarilla | 20.72 | 20.92 | 21.13 | 21.33 | 21.53 | 21.74 | 21.94 |
| Woodie | 17.99 | 19.54 | 20.22 | 21.76 | 22.44 | 23.99 | 24.67 |
| Fibonacci | 19.68 | 20.53 | 21.06 | 21.91 | 22.76 | 23.28 | 24.13 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.67 | |
| MACD (12,26,9): | -0.0600 | |
| Directional Movement: | 5.16 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 21.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.80 | |
| Elder Ray (13): | -0.15 | |
| Super Trend (3,10): | 21.15 | |
| Zig ZAG (10): | 21.74 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 28.84 | |
| TEMA (21): | 21.69 | |
| Williams %R (14): | -74.88 | |
| Chande Momentum Oscillator (20): | -1.06 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.26 |
| MA7: | 21.68 | |
| MA20: | 21.93 | |
| MA50: | 22.02 | |
| MA100: | 21.35 | |
| MAexp7: | 21.78 | |
| MAexp20: | 21.88 | |
| MAexp50: | 21.82 | |
| MAexp100: | 21.45 | |
| Price / MA7: | +0.28% | |
| Price / MA20: | -0.87% | |
| Price / MA50: | -1.27% | |
| Price / MA100: | +1.83% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | -0.64% | |
| Price / MAexp50: | -0.37% | |
| Price / MAexp100: | +1.35% |
News
The latest news and videos published on PRIMORIS SERVICES at the time of the analysis were as follows:
- A Heavy Addition to the J-J Hooks Producer Family: Primoris Heavy Civil
- Primoris Services Corporation to Host Earnings Call
- Investor Network: Primoris Services Corporation to Host Earnings Call
-
Primoris Services
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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