PARAMOUNT SKYDANCE CL B (PSKY) Stock Technical Analysis
USA - NASDAQ:PSKY - US69932A2042 - Common Stock
Overall PSKY gets a technical rating of 2 out of 10. PSKY performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, PSKY 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 16.48. Right above this resistance zone may be a good entry point.
More info and screens
14.32
When analyzing the support we can see 3 important areas.
- Support @15.09 from a horizontal line in the weekly time frame.
- Support @14.79 from a horizontal line in the daily time frame.
- A support zone ranging from 14.46 to 14.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 16.48 to 16.74. 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 PSKY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PSKY is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | PSKY has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PSKY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PSKY is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 46.24 | NEUTRAL | The RSI value for PSKY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PSKY has a positive trend. |
| Stochastics (14,3) | 35.46 | NEUTRAL | The Stochastics value for PSKY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for PSKY suggests some volalility. |
| Average Directional Index/ADX (14) | 22.49 | NEUTRAL | The ADX value for PSKY suggests a possible start of a new trend. |
15.68
+0.31 (+2.02%)
PARAMOUNT SKYDANCE CL B / PSKY FAQ
What is the technical rating for PSKY stock?
ChartMill assigns a technical rating of 2 / 10 to PSKY.
What is the trend direction for PSKY stock?
The current trend direction for PARAMOUNT SKYDANCE CL B (PSKY) is Bullish.
Can you provide the RSI signal for PARAMOUNT SKYDANCE CL B?
PARAMOUNT SKYDANCE CL B (PSKY) has an RSI value of 46.2445. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PARAMOUNT SKYDANCE CL B?
The MACD indicator for PARAMOUNT SKYDANCE CL B (PSKY) has a value of 0.0287226, indicating a bearish trend.
What is the short term momentum for PSKY stock?
The short term momentum for PARAMOUNT SKYDANCE CL B (PSKY) is negative.