PSNY Technical Analysis - POLESTAR AUTOMOTIVE-CL A ADS

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to PSNY. PSNY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

93% of all other stocks performed better in the past year than PSNY.

PSNY is part of the Automobiles industry. There are 37 other stocks in this industry, of which 63% are performing better than PSNY.

PSNY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month PSNY has a been trading in the 0.92 - 1.04 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been consolidating recently, but much resistance may still be present above.

PSNY has an average volume of 3987540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

POLESTAR AUTOMOTIVE-CL A ADS / PSNY Weekly stock chart

POLESTAR AUTOMOTIVE-CL A ADS / PSNY Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, PSNY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

0.90

1.32

We found 2 important support areas.

Support @0.96 from a trend line in the weekly time frame.
A support zone ranging from 0.91 to 0.92. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

A resistance zone ranging from 0.96 to 0.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.00 from a horizontal line in the daily time frame.
Resistance @1.31 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 PSNY is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PSNY is down.
ChartMill Relative Strength	7.27	NEGATIVE	PSNY has a low relative strength, it was outperformed by 92.73% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PSNY is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PSNY is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PSNY is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.96	NEUTRAL	The RSI value for PSNY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests PSNY has a positive trend.
Stochastics (14,3)	26.27	NEUTRAL	The Stochastics value for PSNY is a neutral value.
Average True Range in percent/ATR (20)	3.92	MEDIUM VOLATILITY	The ATR as a percentage value for PSNY suggests some volalility.
Average Directional Index/ADX (14)	14.65	NEGATIVE	The low ADX value for PSNY suggests a weak or negative trend.