POWER SOLUTIONS INTERNATIONA (PSIX) Technical Analysis
NASDAQ:PSIX • US73933G2021
Overall PSIX gets a technical rating of 4 out of 10. Although PSIX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month PSIX has a been trading in the 53.01 - 106.50 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Looking at the yearly performance, PSIX did better than 90% of all other stocks.
- PSIX is one of the better performing stocks in the Electrical Equipment industry, it outperforms 75% of 91 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- PSIX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PSIX is lagging the market.
PSIX has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
50.94
When analyzing the support we notice one important area.
- A support zone ranging from 51.45 to 52.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @91.79 from a trend line in the daily time frame.
- A resistance zone ranging from 96.54 to 97.17. 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 | NEUTRAL | NEUTRAL | The long term trend for PSIX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PSIX is down. |
| ChartMill Relative Strength | 90.66 | POSITIVE | PSIX has a high relative strength, it outperformed 90.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PSIX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PSIX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PSIX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 31.53 | NEUTRAL | The RSI value for PSIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -4.64 | NEGATIVE | The MACD value suggests PSIX has a negative trend. |
| Stochastics (14,3) | 2.84 | OVERSOLD | The low Stochastics value suggests PSIX may be oversold. |
| Average True Range in percent/ATR (20) | 15.92 | HIGH VOLATILITY | The high ATR as a percentage value for PSIX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.3 | POSITIVE | The high ADX value value for PSIX suggests a strong trend. |
PSIX Technicals: Chart, Performance Metrics, Trend & Indicators
53.82
-6.18 (-10.3%)
POWER SOLUTIONS INTERNATIONA / PSIX FAQ
What is the ChartMill technical rating of POWER SOLUTIONS INTERNATIONA (PSIX) stock?
ChartMill assigns a technical rating of 4 / 10 to PSIX.
What is the trend direction for PSIX stock?
The current trend direction for POWER SOLUTIONS INTERNATIONA (PSIX) is Bearish.
Can you provide the RSI signal for POWER SOLUTIONS INTERNATIONA?
POWER SOLUTIONS INTERNATIONA (PSIX) has an RSI value of 31.5332. This indicates that the stock is currently neutral.
What is the MACD signal for POWER SOLUTIONS INTERNATIONA (PSIX) stock?
The MACD indicator for POWER SOLUTIONS INTERNATIONA (PSIX) has a value of -4.6376, indicating a bearish trend.
Can you provide the support and resistance levels for POWER SOLUTIONS INTERNATIONA?
POWER SOLUTIONS INTERNATIONA (PSIX) has a support level at 52.14 and a resistance level at 91.79. Check the full technical report for our detailed analysis of PSIX support and resistance levels.