PRIMORIS SERVICES - Daily - Technical analysis published on 08/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 19.04 USD
My targets
18.16 USD (-4.32%)
16.95 USD (-10.70%)
My analysis
The bearish trend is currently very strong for PRIMORIS SERVICES. As long as the price remains below the resistance at 19.04 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 18.16 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 16.95 USD as an objective. Crossing it would then enable sellers to target 14.19 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PRIMORIS SERVICES rating 18.98 USD. The price registered a decrease of -2.92% on the session with the lowest point at 18.89 USD and the highest point at 19.49 USD. The deviation from the price is +0.48% for the low point and -2.62% for the high point.18.89
19.49
18.98
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of PRIMORIS SERVICES in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 14.19 | 16.95 | 18.16 | 18.98 | 19.04 | 19.75 | 21.23 |
| Change (%) | -25.24% | -10.70% | -4.32% | - | +0.32% | +4.06% | +11.85% |
| Change | -4.79 | -2.03 | -0.82 | - | +0.06 | +0.77 | +2.25 |
| Level | Minor | Major | Major | - | Minor | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.01 | 19.26 | 19.40 | 19.65 | 19.79 | 20.04 | 20.18 |
| Camarilla | 19.44 | 19.48 | 19.51 | 19.55 | 19.59 | 19.62 | 19.66 |
| Woodie | 18.97 | 19.23 | 19.36 | 19.62 | 19.75 | 20.01 | 20.14 |
| Fibonacci | 19.26 | 19.41 | 19.50 | 19.65 | 19.80 | 19.89 | 20.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.82 | 19.17 | 19.56 | 19.91 | 20.30 | 20.65 | 21.04 |
| Camarilla | 19.75 | 19.81 | 19.88 | 19.95 | 20.02 | 20.09 | 20.15 |
| Woodie | 18.84 | 19.18 | 19.58 | 19.92 | 20.32 | 20.66 | 21.06 |
| Fibonacci | 19.17 | 19.45 | 19.63 | 19.91 | 20.19 | 20.37 | 20.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.70 | 18.66 | 19.81 | 20.77 | 21.92 | 22.88 | 24.03 |
| Camarilla | 20.38 | 20.57 | 20.77 | 20.96 | 21.15 | 21.35 | 21.54 |
| Woodie | 17.80 | 18.71 | 19.91 | 20.82 | 22.02 | 22.93 | 24.13 |
| Fibonacci | 18.66 | 19.47 | 19.96 | 20.77 | 21.58 | 22.07 | 22.88 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.98 | |
| MACD (12,26,9): | -0.1800 | |
| Directional Movement: | -5.92 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 19.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.03 | |
| Elder Ray (13): | -0.53 | |
| Super Trend (3,10): | 20.95 | |
| Zig ZAG (10): | 18.98 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 19.86 | |
| TEMA (21): | 19.47 | |
| Williams %R (14): | -96.21 | |
| Chande Momentum Oscillator (20): | -0.41 | |
| Repulse (5,40,3): | -5.2300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 3.17 |
| MA7: | 19.69 | |
| MA20: | 19.90 | |
| MA50: | 20.07 | |
| MA100: | 20.33 | |
| MAexp7: | 19.57 | |
| MAexp20: | 19.82 | |
| MAexp50: | 20.01 | |
| MAexp100: | 20.31 | |
| Price / MA7: | -3.61% | |
| Price / MA20: | -4.62% | |
| Price / MA50: | -5.43% | |
| Price / MA100: | -6.64% | |
| Price / MAexp7: | -3.01% | |
| Price / MAexp20: | -4.24% | |
| Price / MAexp50: | -5.15% | |
| Price / MAexp100: | -6.55% |
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.
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