Taking everything into account, PSIL scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PSIL is showing a nice and steady performance.
Although PSIL 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
15.09
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.92 to 17.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 17.25 to 17.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.87 from a horizontal line in the daily time frame.
- Support @15.24 from a trend 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 | UP | POSITIVE | The long term trend for PSIL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSIL is up. |
| ChartMill Relative Strength | 92.89 | POSITIVE | PSIL has a high relative strength, it outperformed 92.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSIL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSIL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSIL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.15 | NEUTRAL | The RSI value for PSIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests PSIL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.3 | OVERBOUGHT | The high Stochastics value suggests PSIL may be overbought. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for PSIL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.25 | NEGATIVE | The low ADX value for PSIL suggests a weak or negative trend. |
19.81
+0.13 (+0.69%)
ADVISORSHARES PSYCHEDELICS / PSIL FAQ
Can you provide the ChartMill technical rating for ADVISORSHARES PSYCHEDELICS?
ChartMill assigns a technical rating of 10 / 10 to PSIL.
What is the trend direction for PSIL stock?
The current trend direction for ADVISORSHARES PSYCHEDELICS (PSIL) is Bullish.
What is the RSI signal for PSIL stock?
ADVISORSHARES PSYCHEDELICS (PSIL) has an RSI value of 60.1521. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ADVISORSHARES PSYCHEDELICS?
The short term momentum for ADVISORSHARES PSYCHEDELICS (PSIL) is positive.
Can you provide the buy/sell signal for ADVISORSHARES PSYCHEDELICS?
The buy/sell signal for ADVISORSHARES PSYCHEDELICS (PSIL) is buy as both the short term and long term trends are positive.