INVESCO SEMICONDUCTORS ETF (PSI) Stock Technical Analysis
NYSEARCA:PSI - NYSE Arca - US46137V6478 - ETF - Currency: USD
Taking everything into account, PSI scores 3 out of 10 in our technical rating. PSI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
73% of all other stocks performed better in the past year than PSI.
PSI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
PSI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PSI is lagging the market slightly.
PSI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 50.91, a Stop Loss order could be placed below this zone.
More info and screens
38.33
66.13
When analyzing the support we can see 2 important areas.
- A support zone ranging from 50.24 to 50.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.72 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 52.26 to 54.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @58.72 from a horizontal line in the daily time frame.
- Resistance @65.48 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for PSI is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PSI is neutral. |
| ChartMill Relative Strength | 27.15 | NEGATIVE | PSI has a low relative strength, it was outperformed by 72.85% 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) | DOWN | MIXED | The current price of PSI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PSI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.9 | NEUTRAL | The RSI value for PSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests PSI has a negative trend. |
| Stochastics (14,3) | 45.03 | NEUTRAL | The Stochastics value for PSI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for PSI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.79 | NEGATIVE | The low ADX value for PSI suggests a weak or negative 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)
50.92
-1.34 (-2.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.56%
1 Week-1.43%
2 Weeks-5.77%
1 Month9.91%
3 Month-6.47%
6 Month-10.38%
12 Month-13.43%
2 Year21.69%
3 Year31.18%
5 Year121.65%
10 Year427.67%
15 Year1055.52%
Volatility
ATR(14)1.44
ATR(20)%2.81%
ATR Inc29.12%
Range Today1.65
ADR(20)1.04
ADR(20)%2.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.15
Mansfield-1.16
10 Day High54.18
10 Day Low50.18
20 Day High54.61
20 Day Low46.37
52 Week High67.33
52 Week Low37.64
CS1 End50.91
CR1 Start52.26
Volume & EV
DER(3)-7.65%
DER(5)-3.9%
Volume40.70K
Volume Incr-58.48%
Vol(5)36.36K
Vol(50)82.76K