Technical Analysis for PRIM - Primoris Services Corporation

Grade Last Price % Change Price Change
B 54.76 -2.30% -1.29
PRIM closed down 2.3 percent on Friday, May 31, 2024, on 1.73 times normal volume. The bulls were able to push the stock to a new 52-week high. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Slingshot Bullish Bullish Swing Setup 0.00%
New 52 Week High Strength 0.00%
Outside Day Range Expansion 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week Closing High Bullish -2.30%
Expansion Breakout Bullish Swing Setup -2.30%
New 52 Week High Strength -2.30%
Overbought Stochastic Strength -2.30%
Slingshot Bullish Bullish Swing Setup 0.81%
Overbought Stochastic Strength 0.81%

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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 56.62
52 Week Low 26.8296
Average Volume 571,180
200-Day Moving Average 36.98
50-Day Moving Average 47.23
20-Day Moving Average 51.41
10-Day Moving Average 53.66
Average True Range 1.56
RSI (14) 69.51
ADX 47.22
+DI 34.37
-DI 9.19
Chandelier Exit (Long, 3 ATRs) 51.94
Chandelier Exit (Short, 3 ATRs) 50.05
Upper Bollinger Bands 56.67
Lower Bollinger Band 46.15
Percent B (%b) 0.82
BandWidth 20.47
MACD Line 2.42
MACD Signal Line 2.20
MACD Histogram 0.2184
Fundamentals Value
Market Cap 2.92 Billion
Num Shares 53.4 Million
EPS 2.40
Price-to-Earnings (P/E) Ratio 22.82
Price-to-Sales 0.36
Price-to-Book 1.67
Dividend 0.24
Dividend Yield 0.44%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 58.73
Resistance 3 (R3) 58.91 57.76 58.07
Resistance 2 (R2) 57.76 56.75 57.67 57.85
Resistance 1 (R1) 56.26 56.13 55.69 56.08 57.63
Pivot Point 55.12 55.12 54.83 55.03 55.12
Support 1 (S1) 53.62 54.11 53.05 53.44 51.89
Support 2 (S2) 52.47 53.48 52.38 51.67
Support 3 (S3) 50.97 52.47 51.45
Support 4 (S4) 50.79