POLESTAR AUTOMOTIVE-CL A ADS (PSNY) Stock Technical Analysis
NASDAQ:PSNY - Nasdaq - US7311052010 - ADR - Currency: USD
Overall PSNY gets a technical rating of 4 out of 10. Although PSNY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
PSNY is part of the Automobiles industry. There are 39 other stocks in this industry. PSNY outperforms 84% of them.
PSNY has an average volume of 3859740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the yearly performance of all stocks, we notice that PSNY is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
PSNY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PSNY is lagging the market slightly.
In the last month PSNY has a been trading in the 1.00 - 1.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, 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
0.85
1.30
When analyzing the support we can see 4 important areas.
- Support @1.03 from a horizontal line in the daily time frame.
- Support @0.97 from a trend line in the weekly time frame.
- Support @0.91 from a horizontal line in the weekly time frame.
- Support @0.86 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 1.13 to 1.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.17 to 1.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 1.19 to 1.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @1.29 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for PSNY is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PSNY is neutral. |
| ChartMill Relative Strength | 86.86 | POSITIVE | PSNY has a high relative strength, it outperformed 86.86% 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 | MIXED | The current price of PSNY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PSNY is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.48 | NEUTRAL | The RSI value for PSNY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PSNY has a negative trend. |
| Stochastics (14,3) | 49.42 | NEUTRAL | The Stochastics value for PSNY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.42 | HIGH VOLATILITY | The high ATR as a percentage value for PSNY suggests high volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for PSNY suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.07
-0.03 (-2.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-2.73%
1 Week-10.08%
2 Weeks2.88%
1 Month-1.38%
3 Month-1.83%
6 Month-6.14%
12 Month36.67%
2 Year-68.62%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%6.42%
ATR Inc-28.98%
Range Today0.04
ADR(20)0.06
ADR(20)%6.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.86
Mansfield-0.49
10 Day High1.21
10 Day Low1.04
20 Day High1.21
20 Day Low1
52 Week High1.94
52 Week Low0.61
CS1 End1.03
CR1 Start1.13
Volume & EV
DER(3)-13.8%
DER(5)-10.32%
Volume2.50M
Volume Incr-3.76%
Vol(5)4.04M
Vol(50)3.86M