POWER SOLUTIONS INTERNATIONA (PSIX) Stock Technical Analysis
NASDAQ:PSIX - Nasdaq - US73933G2021 - Common Stock - Currency: USD
Overall PSIX gets a technical rating of 7 out of 10. Although PSIX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, PSIX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 86.99, a Stop Loss order could be placed below this zone.
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80.99
When analyzing the support we can see 2 important areas.
- A support zone ranging from 86.43 to 86.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @81.81 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @93.75 from a horizontal line 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 PSIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSIX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | PSIX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSIX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 57.61 | NEUTRAL | The RSI value for PSIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.1 | NEGATIVE | The MACD value suggests PSIX has a negative trend. |
| Stochastics (14,3) | 50.54 | NEUTRAL | The Stochastics value for PSIX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.91 | HIGH VOLATILITY | The high ATR as a percentage value for PSIX suggests high volalility. |
| Average Directional Index/ADX (14) | 45.65 | POSITIVE | The high ADX value value for PSIX suggests a strong trend. |
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 |
|---|---|---|---|
| 93.76 | 86.42 | 7.34 (7.83%) | 12.77% |
| An entry @93.76. This is a Buy Stop order right above the resistance zone. | An exit @86.42. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.34 points, which is 7.83%. | For a 1.00% total portfolio risk, you can invest 12.77% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PSIX. 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.
87.79
-3.19 (-3.51%)