PRICESMART INC (PSMT) Stock Technical Analysis
NASDAQ:PSMT • US7415111092
We assign a technical rating of 10 out of 10 to PSMT. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, PSMT did better than 91% of all other stocks. We also observe that the gains produced by PSMT over the past year are nicely spread over this period.
- PSMT is one of the better performing stocks in the Consumer Staples Distribution & Retail industry, it outperforms 89% of 38 stocks in the same industry.
- PSMT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- PSMT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, PSMT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 156.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 154.57, a Stop Loss order could be placed below this zone.
More info and screens
121.99
We found 4 important support areas.
- A support zone ranging from 151.29 to 154.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @131.12 from a trend line in the weekly time frame.
- A support zone ranging from 126.97 to 128.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @123.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 156.84 to 156.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 91.29 | POSITIVE | PSMT has a high relative strength, it outperformed 91.29% 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) | 62.63 | NEUTRAL | The RSI value for PSMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests PSMT has a negative trend. |
| Stochastics (14,3) | 70.73 | NEUTRAL | The Stochastics value for PSMT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.65 | MEDIUM VOLATILITY | The ATR as a percentage value for PSMT suggests some volalility. |
| Average Directional Index/ADX (14) | 28.54 | POSITIVE | The high ADX value value for PSMT 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 |
|---|---|---|---|
| 156.85 | 151.28 | 5.57 (3.55%) | 25.00% |
| An entry @156.85. This is a Buy Stop order right above the resistance zone. | An exit @151.28. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.57 points, which is 3.55%. | For a 0.89% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PSMT. 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.
154.62
+0.82 (+0.53%)
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 current trend direction of PRICESMART INC (PSMT) stock?
The current trend direction for PRICESMART INC (PSMT) is Bullish.
What is the RSI signal for PSMT stock?
PRICESMART INC (PSMT) has an RSI value of 62.6266. This indicates that the stock is currently neutral.
What is the MACD signal for PSMT stock?
The MACD indicator for PRICESMART INC (PSMT) has a value of -0.671131, indicating a bearish trend.
Can you provide the short term momentum for PRICESMART INC?
The short term momentum for PRICESMART INC (PSMT) is positive.