We assign a technical rating of 10 out of 10 to PSMT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PSMT is showing a nice and steady performance.
Although PSMT 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
87.18
3 important support areas can be observed.
- A support zone ranging from 117.41 to 119.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 114.68 to 114.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @88.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @125.67 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 PSMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSMT is up. |
| ChartMill Relative Strength | 87.7 | POSITIVE | PSMT has a high relative strength, it outperformed 87.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.48 | NEUTRAL | The RSI value for PSMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.91 | POSITIVE | The MACD value suggests PSMT has a positive trend. |
| Stochastics (14,3) | 80.55 | OVERBOUGHT | The high Stochastics value suggests PSMT may be overbought. |
| Average True Range in percent/ATR (20) | 3.01 | MEDIUM VOLATILITY | The ATR as a percentage value for PSMT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.3 | NEUTRAL | The ADX value for PSMT suggests a possible start of a new trend. |
123.1
-0.88 (-0.71%)
PRICESMART INC / PSMT FAQ
Can you provide the ChartMill technical rating for PRICESMART INC?
ChartMill assigns a technical rating of 10 / 10 to PSMT.
What is the trend direction for PSMT stock?
The current trend direction for PRICESMART INC (PSMT) is Bullish.
What is the RSI signal for PRICESMART INC (PSMT) stock?
PRICESMART INC (PSMT) has an RSI value of 59.4837. This indicates that the stock is currently neutral.
What is the MACD signal for PRICESMART INC (PSMT) stock?
The MACD indicator for PRICESMART INC (PSMT) has a value of 0.906466, indicating a bearish trend.
Can you provide the support and resistance levels for PRICESMART INC?
PRICESMART INC (PSMT) has a support level at 119.8 and a resistance level at 125.67. Check the full technical report for our detailed analysis of PSMT support and resistance levels.