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(PNRG) Primeenergy Resources complete technical analysis [charts+indicators] | Buy/Sell Primeenergy Resources | (PNRG) share price targets

Complete technical analysis of Primeenergy Resources (PNRG) by charts plus indicators, forecast predictions and share price targets for Primeenergy Resources (PNRG)

Primeenergy Resources trades in USA in Energy sector.

Showing technical analysis as on 2024-05-17 View latest technical analysis

10 day averaged volume of Primeenergy Resources is 1237

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	105.72	105.72	105.72	105.72	0.639 times
16 Thu May 2024	103.70	105.00	105.49	102.98	1.003 times
15 Wed May 2024	106.71	106.75	106.75	106.71	0.911 times
14 Tue May 2024	106.61	102.10	106.61	102.10	0.808 times
13 Mon May 2024	103.50	104.57	104.57	103.50	1.455 times
10 Fri May 2024	104.04	104.04	104.04	104.04	0.162 times
09 Thu May 2024	103.98	103.98	103.98	103.98	0.323 times
08 Wed May 2024	103.91	105.80	105.80	103.91	0.485 times
07 Tue May 2024	102.53	100.07	102.53	100.07	0.566 times
06 Mon May 2024	102.98	104.90	104.90	102.69	4.042 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 105.4, but if it comes below 105.4, then a intra day sell could be more profitable.
If you take a sell trade below 105.4, then use 105.4 as stoploss and 103.32 as target. However if you take a buy trade in stock , then use 105.4 as stoploss and 107.8 as target.

Share price targets for Primeenergy Resources (PNRG)

Target Type	Value
Downside Target	92.40
Downside Target	96.00
Downside Target	98.55
Downside Target	102.10
Downside Target	103.76
Downside Target	103.91
Downside Target	104.28
Upside Target	105.80
Upside Target	105.87
Upside Target	106.75
Upside Target	107.22

Intraday share price targets for Primeenergy Resources (PNRG)

Target Type	Value
Downside Intraday Target	102.96
Downside Intraday Target	100.21
Upside Intraday Target	107.61
Upside Intraday Target	109.51
Downside Intraday Target	104.86

Weekly technical analysis of Primeenergy Resources (PNRG)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	105.72	104.57	106.75	102.10	0.863 times
10 Fri May 2024	104.04	104.90	105.80	100.07	0.758 times
03 Fri May 2024	103.45	101.85	105.87	99.07	0.371 times
26 Fri Apr 2024	101.97	100.00	102.47	98.55	1.219 times
19 Fri Apr 2024	101.04	99.10	103.91	99.03	3.865 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 Primeenergy Resources (PNRG)

Date	Monthly Closing Price	Open	High	Low	Volume
17 Fri May 2024	105.72	99.07	106.75	99.07	0.277 times
30 Tue Apr 2024	102.46	100.50	104.28	98.55	1.987 times
28 Thu Mar 2024	100.25	99.75	103.76	96.02	1.576 times
29 Thu Feb 2024	98.85	96.20	99.48	92.40	0.424 times

Scroll below to view daily charts

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 Primeenergy Resources (PNRG)

Price action analysis of Primeenergy Resources ( (PNRG) ) based on a short 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 Primeenergy Resources ( (PNRG) ) 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 Primeenergy Resources ( (PNRG) ) 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 Primeenergy Resources stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Primeenergy Resources 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.

Primeenergy Resources Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Primeenergy Resources 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

Stock of Primeenergy Resources is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 103.97 and Primeenergy Resources (PNRG) 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 Primeenergy Resources (PNRG) stock. Volume based technical analysis of Primeenergy Resources (PNRG) stock is negative.

Primeenergy Resources 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.