ADVISORSHARES PSYCHEDELICS (PSIL) Stock Technical Analysis
NYSEARCA:PSIL - NYSE Arca - US00768Y2972 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to PSIL. Both in the recent history as in the last year, PSIL has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: PSIL has an average volume of 7314 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.
PSIL 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 PSIL is lagging the market slightly.
In the last month PSIL has a been trading in the 11.52 - 14.23 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, PSIL did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
PSIL has an excellent technical rating, but the quality of the setup is only medium 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
15.82
When analyzing the support we can see 5 important areas.
- A support zone ranging from 13.83 to 14.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.67 to 12.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.82 to 12.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.95 from a trend line in the daily time frame.
- Support @10.61 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @14.85 from a trend line in the weekly time frame.
- Resistance @15.30 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 15.66 to 15.66. This zone is formed by a combination of multiple trend lines 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 PSIL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSIL is up. |
| ChartMill Relative Strength | 85.75 | POSITIVE | PSIL has a high relative strength, it outperformed 85.75% 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) | 67.05 | NEUTRAL | The RSI value for PSIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PSIL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.17 | OVERBOUGHT | The high Stochastics value suggests PSIL may be overbought. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for PSIL suggests some volalility. |
| Average Directional Index/ADX (14) | 33 | 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 |
|---|---|---|---|
| 14.24 | 13.82 | 0.42 (2.97%) | 25.00% |
| An entry @14.24. This is a Buy Stop order right above the 10 day high. | An exit @13.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.42 points, which is 2.97%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%. |
- The distance between exit and entry is rather small compared to the average daily movement of PSIL. Please evaluate whether better entry and exit points can be found.
- 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 (6/12/2025, 8:23:00 PM)
14.025
+0.17 (+1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.23%
1 Week-0.36%
2 Weeks6.98%
1 Month18.83%
3 Month15.47%
6 Month30.76%
12 Month28.67%
2 Year-24.48%
3 Year-47.08%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%3%
ATR Inc-7.51%
Range Today0.3
ADR(20)0.4
ADR(20)%2.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.75
Mansfield1.84
10 Day High14.23
10 Day Low13
20 Day High14.23
20 Day Low11.52
52 Week High15.94
52 Week Low7.14
CS1 End14.02
CR1 Start14.85
Volume & EV
DER(3)6.84%
DER(5)5.5%
Volume2.60K
Volume Incr-34.78%
Vol(5)6.30K
Vol(50)7.31K