ADVISORSHARES PSYCHEDELICS (PSIL) Stock Technical Analysis
NYSEARCA:PSIL - NYSE Arca - US00768Y2972 - ETF - Currency: USD
Overall PSIL gets a technical rating of 10 out of 10. 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.
Warning: PSIL has an average volume of 12576 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that PSIL is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, PSIL also shows a nice and consistent pattern of rising prices.
PSIL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
PSIL 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Although PSIL has an excellent technical rating, the quality of the presented setup is not ideal 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
10.50
17.38
5 important support areas can be observed.
- A support zone ranging from 16.06 to 16.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.40 from a trend line in the daily time frame.
- Support @12.87 from a trend line in the weekly time frame.
- Support @11.93 from a horizontal line in the daily time frame.
- Support @10.61 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.21 to 17.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 93.94 | POSITIVE | PSIL has a high relative strength, it outperformed 93.94% 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) | 61.94 | NEUTRAL | The RSI value for PSIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PSIL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.8 | NEUTRAL | The Stochastics value for PSIL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for PSIL suggests some volalility. |
| Average Directional Index/ADX (14) | 29.17 | POSITIVE | The high ADX value value for PSIL 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.22 | 16.05 | 1.17 (6.79%) | 14.72% |
| An entry @17.22. This is a Buy Stop order right above the resistance zone. | An exit @16.05. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.17 points, which is 6.79%. | For a 1.00% total portfolio risk, you can invest 14.72% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:PSIL (8/4/2025, 8:04:02 PM)
16.84
+0.71 (+4.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.43%
1 Week-1.55%
2 Weeks-0.58%
1 Month15.11%
3 Month46.63%
6 Month17.55%
12 Month79.15%
2 Year-5.39%
3 Year-57.79%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%3.01%
ATR Inc75.37%
Range Today0.68
ADR(20)0.46
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.94
Mansfield2.92
10 Day High17.41
10 Day Low15.61
20 Day High17.41
20 Day Low14.41
52 Week High17.41
52 Week Low7.14
CS1 End16.12
CR1 Start17.21
Volume & EV
DER(3)10.14%
DER(5)5.51%
Volume10.60K
Volume Incr27.08%
Vol(5)17.76K
Vol(50)12.58K