PREMIUM INCOME CORP - PICA 8 1/2 11/01/31 (PIC-PR-A.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:PIC-PR-A -
Taking everything into account, PIC-PR-A scores 7 out of 10 in our technical rating. Although PIC-PR-A is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
PIC-PR-A has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 16.58, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.60
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.12 to 16.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.43 to 15.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 14.75 to 14.93. 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 16.60 to 16.75. 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 | UP | POSITIVE | The short term trend for PIC-PR-A.CA is up. |
| ChartMill Relative Strength | 45 | NEUTRAL | PIC-PR-A.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PIC-PR-A.CA is above the rising 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) | 54.56 | NEUTRAL | The RSI value for PIC-PR-A.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PIC-PR-A.CA has a negative trend. |
| Stochastics (14,3) | 60.26 | NEUTRAL | The Stochastics value for PIC-PR-A.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.57 | LOW VOLATILITY | The low ATR as a percentage value for PIC-PR-A.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 40.05 | POSITIVE | The high ADX value value for PIC-PR-A.CA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.76 | 16.53 | 0.23 (1.37%) | 25.00% |
| An entry @16.76. This is a Buy Stop order right above the resistance zone. | An exit @16.53. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.23 points, which is 1.37%. | For a 0.34% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PREMIUM INCOME CORP - PICA 8 1/2 11/01/31
TSX:PIC-PR-A (1/2/2026, 7:00:00 PM)
16.6
-0.1 (-0.6%)
PREMIUM INCOME CORP - PICA 8 1/2 11/01/31 / PIC-PR-A.CA FAQ
What is the technical rating for PIC-PR-A stock?
ChartMill assigns a technical rating of 7 / 10 to PIC-PR-A.CA.
What is the current trend direction of PREMIUM INCOME CORP - PICA 8 1/2 11/01/31 (PIC-PR-A.CA) stock?
The current trend direction for PREMIUM INCOME CORP - PICA 8 1/2 11/01/31 (PIC-PR-A.CA) is Bullish.
What is the RSI signal for PREMIUM INCOME CORP - PICA 8 1/2 11/01/31 (PIC-PR-A.CA) stock?
PREMIUM INCOME CORP - PICA 8 1/2 11/01/31 (PIC-PR-A.CA) has an RSI value of 54.556. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PREMIUM INCOME CORP - PICA 8 1/2 11/01/31?
The short term momentum for PREMIUM INCOME CORP - PICA 8 1/2 11/01/31 (PIC-PR-A.CA) is positive.
What are the support and resistance levels for PREMIUM INCOME CORP - PICA 8 1/2 11/01/31 (PIC-PR-A.CA) stock?
PREMIUM INCOME CORP - PICA 8 1/2 11/01/31 (PIC-PR-A.CA) has a support level at 16.58 and a resistance level at 16.6. Check the full technical report for our detailed analysis of PIC-PR-A.CA support and resistance levels.