Technical Analysis for PRIM - Primoris Services Corporation

Grade Last Price % Change Price Change
C 47.60 -4.59% -2.29
PRIM closed down 4.59 percent on Monday, July 1, 2024, on 1.48 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down

Date Alert Name Type % Chg
MACD Bearish Centerline Cross Bearish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Multiple of Ten Bearish Other 0.00%
Below Lower BB Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 50 DMA Bearish -4.59%
180 Bearish Setup Bearish Swing Setup -4.59%
Expansion Pivot Sell Setup Bearish Swing Setup -4.59%
Volume Surge Other -4.59%

   Recent Intraday Alerts

Alert Time
Outside Day 3 days ago
Down 3% 3 days ago
Fell Below Previous Day's Low 3 days ago
Down 2 % 3 days ago
Down 1 ATR 3 days ago

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Profile

Primoris Services Corporation Description

Primoris Services Corporation, a specialty contractor and infrastructure company, provides a range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services in the United States and internationally. It operates in three segments: the East Construction Services, the West Construction Services and the Engineering. The company offers construction services, including installation of underground pipeline, cable, and conduits, as well as installation and maintenance of industrial facilities for petroleum, petrochemical, and water industries; installation of complex commercial and industrial cast-in-place structures; and construction of highways, as well as industrial and environmental constructions. It also engages in designing, supplying, and installing high-performance furnaces, heaters, burner management systems, and related combustion and process technologies for clients in the oil refining, petrochemical, and power generation industries, as well as furnishes turnkey project management services and delivers custom engineering solutions. The company serves public utilities, petrochemical companies, energy companies, municipalities, state departments of transportation, and other customers. Primoris Services Corporation is headquartered in Dallas, Texas.


Classification

Sector: Industrials
Industry: Engineering & Construction
Keywords: Engineering Services Project Management Construction Services Combustion Conduit Public Utilities Project Management Services Oil Refining Process Technologies Burner Management Systems Turnkey Project Management Services

Is PRIM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 56.5536
52 Week Low 28.7097
Average Volume 650,080
200-Day Moving Average 38.79
50-Day Moving Average 50.69
20-Day Moving Average 52.55
10-Day Moving Average 51.99
Average True Range 1.79
RSI (14) 32.43
ADX 25.22
+DI 16.17
-DI 28.10
Chandelier Exit (Long, 3 ATRs) 51.19
Chandelier Exit (Short, 3 ATRs) 52.83
Upper Bollinger Bands 55.86
Lower Bollinger Band 49.25
Percent B (%b) -0.25
BandWidth 12.57
MACD Line -0.34
MACD Signal Line 0.45
MACD Histogram -0.7823
Fundamentals Value
Market Cap 2.54 Billion
Num Shares 53.4 Million
EPS 2.40
Price-to-Earnings (P/E) Ratio 19.83
Price-to-Sales 0.36
Price-to-Book 1.67
Dividend 0.24
Dividend Yield 0.50%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 51.89
Resistance 3 (R3) 52.32 51.33 51.18
Resistance 2 (R2) 51.33 50.23 51.11 50.94
Resistance 1 (R1) 49.46 49.56 48.97 49.03 50.70
Pivot Point 48.47 48.47 48.22 48.25 48.47
Support 1 (S1) 46.60 47.37 46.11 46.17 44.50
Support 2 (S2) 45.61 46.70 45.39 44.26
Support 3 (S3) 43.74 45.61 44.03
Support 4 (S4) 43.31