Taking everything into account, PSMT scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, PSMT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, PSMT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 121.86, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
87.55
We found 3 important support areas.
- A support zone ranging from 120.92 to 121.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 114.94 to 116.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @88.43 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 125.41 to 128.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @131.03 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 | NEUTRAL | NEUTRAL | The short term trend for PSMT is neutral. |
| ChartMill Relative Strength | 84.04 | POSITIVE | PSMT has a high relative strength, it outperformed 84.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PSMT is below 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) | 51 | NEUTRAL | The RSI value for PSMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests PSMT has a negative trend. |
| Stochastics (14,3) | 30.49 | NEUTRAL | The Stochastics value for PSMT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for PSMT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.66 | NEUTRAL | The ADX value for PSMT suggests a possible start of a new 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 |
|---|---|---|---|
| 128.53 | 122.67 | 5.86 (4.56%) | 21.93% |
| An entry @128.53. This is a Buy Stop order right above the resistance zone. | An exit @122.67. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.86 points, which is 4.56%. | For a 1.00% total portfolio risk, you can invest 21.93% of your capital in this trade. |
- 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.
124.66
+0.51 (+0.41%)
PRICESMART INC / PSMT FAQ
Can you provide the ChartMill technical rating for PRICESMART INC?
ChartMill assigns a technical rating of 9 / 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 50.9973. 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 -0.366648, indicating a bearish trend.
Can you provide the support and resistance levels for PRICESMART INC?
PRICESMART INC (PSMT) has a support level at 121.86 and a resistance level at 125.41. Check the full technical report for our detailed analysis of PSMT support and resistance levels.