PRAIRIESKY ROYALTY LTD (PSK.CA) Stock Technical Analysis
TSX:PSK - Toronto Stock Exchange - CA7397211086 - Common Stock - Currency: CAD
We assign a technical rating of 3 out of 10 to PSK. Recently some decent action could be observed, but in the medium term time frame this is still negative. PSK was also a bad performer in the overall market in the last year.
Although the technical rating is bad, PSK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.08, a Stop Loss order could be placed below this zone.
More info and screens
22.18
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.46 to 24.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.40 to 23.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 24.29 to 24.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.22 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 | DOWN | NEGATIVE | The long term trend for PSK.CA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSK.CA is up. |
| ChartMill Relative Strength | 21.06 | NEGATIVE | PSK.CA has a low relative strength, it was outperformed by 78.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSK.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSK.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PSK.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.45 | NEUTRAL | The RSI value for PSK.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PSK.CA has a positive trend. |
| Stochastics (14,3) | 72.35 | NEUTRAL | The Stochastics value for PSK.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for PSK.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 16.34 | NEGATIVE | The low ADX value for PSK.CA suggests a weak or negative trend. |
TSX:PSK (7/29/2025, 7:00:00 PM)
24.28
+0.19 (+0.79%)