PSI Technical Analysis - PASON SYSTEMS INC

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to PSI. In the past year, PSI was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, PSI is a bad performer in the overall market: 82% of all stocks are doing better.

PSI is one of the lesser performing stocks in the Energy Equipment & Services industry. 95% of 21 stocks in the same industry do better.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month PSI has a been trading in the 11.69 - 13.05 range, which is quite wide. It is currently trading near the high of this range.

PSI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PSI is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PASON SYSTEMS INC / PSI Weekly stock chart

PASON SYSTEMS INC / PSI Daily stock chart

Setup Rating and Analysis

PSI has an average technical rating and it also does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

10.62

13.16

When analyzing the support we can see 3 important areas.

A support zone ranging from 12.21 to 12.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @11.32 from a trend line in the daily time frame.
Support @10.73 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 13.01 to 13.03. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for PSI.CA is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PSI.CA is up.
ChartMill Relative Strength	18.03	NEGATIVE	PSI.CA has a low relative strength, it was outperformed by 81.97% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PSI.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of PSI.CA is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PSI.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	66.88	NEUTRAL	The RSI value for PSI.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests PSI.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	91.66	OVERBOUGHT	The high Stochastics value suggests PSI.CA may be overbought.
Average True Range in percent/ATR (20)	2.27	MEDIUM VOLATILITY	The ATR as a percentage value for PSI.CA suggests some volalility.
Average Directional Index/ADX (14)	39.68	POSITIVE	The high ADX value value for PSI.CA suggests a strong trend.