Parsons Corp (PSN): Price Now Near $35.53; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for PSN

At the time of this writing, PSN (Get Ratings)’s price is down $-0.37 (-1.03%) from the hour prior. The hourly chart shows that PSN has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 and 20 hour moving averages, resulting in them with price now being below them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

PSN ranks 54th in terms of today’s price percentage change out of Computers stocks.

PSN’s Technical Outlook on the Daily Chart

Currently, PSN’s price is down $-0.49 (-1.36%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Of note is that the 20 day changed directions on PSN; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Parsons Corp’s price action over the past 90 days can be seen via the chart below.

PSN

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PSN: Daily RSI Analysis

  • For PSN, its RSI is now at 50.9901.
  • PSN and RSI both have consistent trends, as they are both heading down.

For PSN News Traders

Investors and traders in PSN may be particularly interested in the following story that came out in the past day:

Parsons Leads Mining Industry, Driving the New ISO Mine Closure and Reclamation Standard

CENTREVILLE, Va., Sept. 13, 2021 (GLOBE NEWSWIRE) — Parsons Corporation (NYSE: PSN) announced today that a new International Standards Organization (ISO) Standard and Guidance Document for Mine Closure and Reclamation Management has been internationally approved. Parsons is a leader in the development of these first-of-their kind standards, which will be published in October. “Mine closure is a critical component of mine planning, as it can impact the economy, safety and environment of the surr

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