Stock Trend Analysis Report
Prepared for you on Wednesday, March 22, 2023.
Primo Water Corporation (TSE:PRMW)
Long-Term Downtrend (-90) - PRMW is in a strong downtrend that is likely to continue. While PRMW is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid PRMW?
MarketClub looks at technical strength and momentum to determine if the timing is right for PRMW.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PRMW
The long-term trend has been DOWN since Mar 17th, 2023 at 19.63
The intermediate-term trend has been DOWN since Feb 23rd, 2023 at 20.55
The short-term trend has been DOWN since Mar 17th, 2023 at 19.76
Smart Scan Analysis for PRMW
Based on our trend formula, PRMW is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).