POLESTAR AUTOMOTIVE-CL A ADS (PSNY) Stock Technical Analysis
NASDAQ:PSNY - US7311052010 - ADR
1.1 USD
-0.23 (-17.29%)
1.12 USD
+0.02 (+1.82%)
We assign a technical rating of 5 out of 10 to PSNY. PSNY has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, PSNY is a bad performer in the overall market: 81% of all stocks are doing better.
PSNY has an average volume of 4074940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
PSNY is part of the Automobiles industry. There are 38 other stocks in this industry, PSNY did better than 48% of them.
PSNY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PSNY is lagging the market.
In the last month PSNY has a been trading in the 1.03 - 1.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
PSNY has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.85
1.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.06 to 1.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.02 to 1.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.86 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.10 to 1.12. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 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 | 19.84 | NEGATIVE | PSNY has a low relative strength, it was outperformed by 80.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PSNY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PSNY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PSNY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.97 | NEUTRAL | The RSI value for PSNY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PSNY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 59.65 | NEUTRAL | The Stochastics value for PSNY is a neutral value. |
| Average True Range in percent/ATR (20) | 6.22 | HIGH VOLATILITY | The high ATR as a percentage value for PSNY suggests high volalility. |
| Average Directional Index/ADX (14) | 34.71 | POSITIVE | The high ADX value value for PSNY suggests a strong 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)
1.1
-0.23 (-17.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobiles
Performance
% Chg-17.29%
1 Week-0.9%
2 Weeks4.76%
1 Month3.77%
3 Month7.84%
6 Month-3.51%
12 Month-20.29%
2 Year-58.33%
3 Year-78.26%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%6.22%
ATR Inc140.39%
Range Today0.23
ADR(20)0.07
ADR(20)%6.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.84
Mansfield-1.26
10 Day High1.42
10 Day Low1.04
20 Day High1.42
20 Day Low1.03
52 Week High1.94
52 Week Low0.84
CS1 End1.06
CR1 Start1.1
Volume & EV
DER(3)2.48%
DER(5)4.53%
Volume12.82M
Volume Incr566.53%
Vol(5)13.78M
Vol(50)4.07M