INVESCO SEMICONDUCTORS ETF (PSI) Technical Analysis
NYSEARCA:PSI • US46137V6478
Current stock price
PSI Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to PSI. Both in the recent history as in the last year, PSI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, PSI did better than 95% of all other stocks. On top of that, PSI also shows a nice and consistent pattern of rising prices.
- A new 52 week high is currently being made by PSI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month PSI has a been trading in the 87.75 - 124.81 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PSI Weekly and Daily overview Charts
PSI Setup Rating and Analysis
Although PSI has an excellent technical rating, it 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.
More info and screens
PSI Support and Resistance Analysis
80.79
We found 3 important support areas.
- Support @98.04 from a trend line in the weekly time frame.
- A support zone ranging from 90.62 to 92.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @81.61 from a trend line in the daily time frame.
PSI 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 | UP | POSITIVE | The long term trend for PSI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSI is up. |
| ChartMill Relative Strength | 95.89 | POSITIVE | PSI has a high relative strength, it outperformed 95.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.08 | OVERBOUGHT | The high RSI value suggests PSI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.91 | POSITIVE | The MACD value suggests PSI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.9 | OVERBOUGHT | The high Stochastics value suggests PSI may be overbought. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for PSI suggests some volalility. |
| Average Directional Index/ADX (14) | 25.85 | POSITIVE | The high ADX value value for PSI suggests a strong trend. |
PSI Chart- and CandleStick Pattern Analysis
PSI Technicals: Chart, Performance Metrics, Trend & Indicators
124.1
+1.95 (+1.6%)
INVESCO SEMICONDUCTORS ETF / PSI TA FAQ
What is the technical rating for PSI stock?
ChartMill assigns a technical rating of 10 / 10 to PSI.
Can you provide the trend direction for INVESCO SEMICONDUCTORS ETF?
The current trend direction for INVESCO SEMICONDUCTORS ETF (PSI) is Bullish.
What is the RSI signal for INVESCO SEMICONDUCTORS ETF (PSI) stock?
INVESCO SEMICONDUCTORS ETF (PSI) has an RSI value of 79.0839. This indicates that the stock is currently overbought.
What is the short term momentum for INVESCO SEMICONDUCTORS ETF (PSI) stock?
The short term momentum for INVESCO SEMICONDUCTORS ETF (PSI) is positive.
What are the support and resistance levels for INVESCO SEMICONDUCTORS ETF (PSI) stock?
INVESCO SEMICONDUCTORS ETF (PSI) has a support level at 98.04. Check the full technical report for our detailed analysis of PSI support and resistance levels.