ADVISORSHARES PSYCHEDELICS (PSIL) Stock Technical Analysis
NYSEARCA:PSIL - US00768Y2972 - ETF
17.0425 USD
+0.05 (+0.31%)
17.39 USD
+0.35 (+2.04%)
We assign a technical rating of 10 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 14226 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.
Looking at the yearly performance, PSIL did better than 93% of all other stocks. We also observe that the gains produced by PSIL over the past year are nicely spread over this period.
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.
In the last month PSIL has a been trading in the 15.36 - 17.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
We found 5 important support areas.
- A support zone ranging from 16.11 to 16.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 15.64 to 15.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.26 from a trend line in the weekly time frame.
- Support @11.91 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 | 93.88 | POSITIVE | PSIL has a high relative strength, it outperformed 93.88% 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) | 61.1 | NEUTRAL | The RSI value for PSIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PSIL has a positive trend. |
| Stochastics (14,3) | 73.24 | NEUTRAL | The Stochastics value for PSIL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.29 | MEDIUM VOLATILITY | The ATR as a percentage value for PSIL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.33 | NEGATIVE | The low ADX value for PSIL 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)
17.0425
+0.05 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.31%
1 Week7.93%
2 Weeks4.88%
1 Month3.54%
3 Month29.7%
6 Month32.62%
12 Month92.57%
2 Year-4.26%
3 Year-57.29%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%3.29%
ATR Inc-2.12%
Range Today0.14
ADR(20)0.52
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.88
Mansfield2.46
10 Day High17.81
10 Day Low15.36
20 Day High17.81
20 Day Low15.36
52 Week High17.81
52 Week Low7.14
CS1 End16.12
CR1 Start17.21
Volume & EV
DER(3)-3.98%
DER(5)-2.52%
Volume7.30K
Volume Incr9.25%
Vol(5)16.12K
Vol(50)14.23K