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(PRMW) Primo Water complete technical analysis [charts+indicators] | Buy/Sell Primo Water | (PRMW) share price targets

Complete technical analysis of Primo Water (PRMW) by charts plus indicators, forecast predictions and share price targets for Primo Water (PRMW)

Primo Water trades in USA in Consumer Non Durables sector.

10 day averaged volume of Primo Water is 1972641

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 21.51 21.41 21.56 21.20 0.586 times
16 Thu May 2024 21.24 21.36 21.37 21.09 0.821 times
15 Wed May 2024 21.36 21.26 21.46 21.14 0.414 times
14 Tue May 2024 21.21 21.23 21.40 20.98 0.837 times
13 Mon May 2024 21.10 21.35 21.50 21.09 0.873 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21, but if it comes below 21, then a intra day sell could be more profitable.
If you take a sell trade below 21, then use 21 as stoploss and 19.96 as target. However if you take a buy trade in stock , then use 21 as stoploss and 22.2 as target.

Share price targets for Primo Water (PRMW)

Target Type Value
Downside Target 14.06
Downside Target 15.48
Downside Target 16.09
Downside Target 16.43
Downside Target 17.28
Downside Target 18.40
Downside Target 19.02
Downside Target 19.82
Downside Target 19.93
Downside Target 20.98
Upside Target 21.56
Upside Target 23.11

Intraday share price targets for Primo Water (PRMW)

Target Type Value
Downside Intraday Target 21.14
Downside Intraday Target 20.77
Upside Intraday Target 21.72
Upside Intraday Target 21.93
Downside Intraday Target 21.35

Weekly technical analysis of Primo Water (PRMW)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 21.51 21.35 21.56 20.98 0.546 times
10 Fri May 2024 21.18 20.00 23.11 19.82 2.048 times
03 Fri May 2024 19.89 18.94 19.93 18.81 1.292 times
26 Fri Apr 2024 18.95 18.46 19.02 18.40 0.911 times
19 Fri Apr 2024 18.43 17.62 18.47 17.28 1.568 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Primo Water (PRMW)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 21.51 18.89 23.11 18.84 1.17 times
30 Tue Apr 2024 18.87 18.28 19.02 17.28 0.802 times
28 Thu Mar 2024 18.21 16.15 18.49 16.09 1.207 times
29 Thu Feb 2024 16.21 14.58 16.43 14.10 1.224 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Primo Water (PRMW)

Indicator Name Indicator Value Indicator Signal
ADX 47, 10, 66 Buy
MACD 2, 2Buy
Stochastics 51None
CCI 61Buy
RSI 69Buy
OBV 18529310Sell
VWAP 21Buy
ADL 0Sell
ROC 8Buy
Force Index 0Sell

Price action analysis of Primo Water ( (PRMW) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Primo Water ( (PRMW) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Primo Water ( (PRMW) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Primo Water ( (PRMW) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Primo Water stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Primo Water in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Primo Water Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Primo Water in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Primo Water is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 20.88 and Primo Water (PRMW) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Primo Water (PRMW) stock. Volume based technical analysis of Primo Water (PRMW) stock is negative.

Primo Water Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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