INVESCO SEMICONDUCTORS ETF (PSI) Stock Technical Analysis
USA - NYSEARCA:PSI - US46137V6478 - ETF
68.46 USD
-5.17 (-7.02%)
67.4 USD
-1.06 (-1.55%)
Overall PSI gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PSI is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
PSI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PSI is lagging the market slightly.
Looking at the yearly performance, PSI did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month PSI has a been trading in the 67.11 - 75.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
58.15
74.74
We found 4 important support areas.
- Support @67.46 from a trend line in the daily time frame.
- A support zone ranging from 64.43 to 65.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @61.41 from a horizontal line in the daily time frame.
- A support zone ranging from 58.74 to 58.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 70.75 to 72.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @74.00 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for PSI is neutral. |
| ChartMill Relative Strength | 77.67 | POSITIVE | PSI has a high relative strength, it outperformed 77.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PSI is below 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) | 47.33 | NEUTRAL | The RSI value for PSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests PSI has a negative trend. |
| Stochastics (14,3) | 56.92 | NEUTRAL | The Stochastics value for PSI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for PSI suggests some volalility. |
| Average Directional Index/ADX (14) | 29.94 | POSITIVE | The high ADX value value for PSI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
68.46
-5.17 (-7.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-7.02%
1 Week-5.15%
2 Weeks-1.1%
1 Month1.92%
3 Month10.96%
6 Month58.22%
12 Month15.8%
2 Year79.97%
3 Year119.19%
5 Year155.86%
10 Year712.1%
15 Year1317.39%
Volatility
ATR(14)1.99
ATR(20)%2.65%
ATR Inc95.67%
Range Today5.45
ADR(20)1.59
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.67
Mansfield1.01
10 Day High75.09
10 Day Low68.46
20 Day High75.09
20 Day Low67.11
52 Week High75.09
52 Week Low37.64
CS1 End67.46
CR1 Start70.75
Volume & EV
DER(3)2.17%
DER(5)1.9%
Volume54.20K
Volume Incr5.86%
Vol(5)40.24K
Vol(50)37.07K