POTASH CORP SASK INC (POT) Stock Technical Analysis
NYSE:POT • CA73755L1076
Taking everything into account, POT scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, POT is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- POT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month POT has a been trading in the 18.54 - 21.04 range, which is quite wide. It is currently trading near the high of this range.
- POT has an average volume of 4044120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, POT did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although POT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
18.45
We found 1 important support area.
- A support zone ranging from 18.64 to 19.69. 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 POT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for POT is up. |
| ChartMill Relative Strength | 72.22 | POSITIVE | POT has a high relative strength, it outperformed 72.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of POT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of POT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of POT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.74 | OVERBOUGHT | The high RSI value suggests POT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests POT has a positive trend. |
| Stochastics (14,3) | 85.9 | OVERBOUGHT | The high Stochastics value suggests POT may be overbought. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for POT suggests some volalility. |
20.65
+0.11 (+0.54%)
POTASH CORP SASK INC / POT FAQ
What is the technical rating for POT stock?
ChartMill assigns a technical rating of 8 / 10 to POT.
What is the current trend direction of POTASH CORP SASK INC (POT) stock?
The current trend direction for POTASH CORP SASK INC (POT) is Bullish.
What is the RSI signal for POT stock?
POTASH CORP SASK INC (POT) has an RSI value of 70.7396. This indicates that the stock is currently overbought.
What is the buy/sell signal for POTASH CORP SASK INC (POT) stock?
The buy/sell signal for POTASH CORP SASK INC (POT) is buy as both the short term and long term trends are positive.
What is the support and resistance level for POT stock?
POTASH CORP SASK INC (POT) has a support level at 19.69. Check the full technical report for our detailed analysis of POT support and resistance levels.