Primoris Technical Analysis (NASDAQ:PRIM)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Primoris stock price data and volume are plotted in PRIM stock charts and these trading charts form the basis of technical analysis.
See Primoris bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis uses an approach for Primoris stock analysis that does not care for the fair value of a company but uses price and volume data only.
Primoris Moving Average
Moving averages help predict the price direction of PRIM stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for Primoris are mostly signals of long term trends and will help long term traders.
Primoris Bollinger Bands
Bollinger bands comprise of a center line usually PRIM SMA, and two PRIM stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Primoris bollinger bands.
Primoris Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Primoris MACD indicator is below 0 indicating a bearish trend.
Primoris Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of PRIM stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.