PREMIUM INCOME CORP - PICA 8 1/2 11/01/31 (PIC-PR-A.CA) Stock Technical Analysis
TSX:PIC-PR-A - Toronto Stock Exchange - - Currency: CAD
Taking everything into account, PIC-PR-A scores 4 out of 10 in our technical rating. In the last year, PIC-PR-A was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is only medium, PIC-PR-A does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 15.60, a Stop Loss order could be placed below this zone.
More info and screens
14.59
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.43 to 15.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.74 to 15.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 15.64 to 15.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PIC-PR-A.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PIC-PR-A.CA is neutral. |
| ChartMill Relative Strength | 40.47 | NEUTRAL | PIC-PR-A.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PIC-PR-A.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PIC-PR-A.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PIC-PR-A.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.26 | NEUTRAL | The RSI value for PIC-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PIC-PR-A.CA has a negative trend. |
| Stochastics (14,3) | 21.67 | NEUTRAL | The Stochastics value for PIC-PR-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.52 | LOW VOLATILITY | The low ATR as a percentage value for PIC-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 21.92 | NEUTRAL | The ADX value for PIC-PR-A.CA suggests a possible start of a new trend. |
PREMIUM INCOME CORP - PICA 8 1/2 11/01/31
TSX:PIC-PR-A (7/11/2025, 7:00:00 PM)
15.63
-0.02 (-0.13%)