PSNYW Technical Analysis - POLESTAR AUTO CLASS C-1 ADS

Technical Rating and Analysis

Taking everything into account, PSNYW scores 4 out of 10 in our technical rating. PSNYW has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.

PSNYW 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 PSNYW has a been trading in the 0.17 - 0.35 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

PSNYW has an average volume of 4318370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the performance of all stocks over the past year, PSNYW turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.

PSNYW is an average performer in the Automobiles industry, it outperforms 66% of 37 stocks in the same industry.

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

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

POLESTAR AUTO CLASS C-1 ADS / PSNYW Weekly stock chart

POLESTAR AUTO CLASS C-1 ADS / PSNYW Daily stock chart

Setup Rating and Analysis

PSNYW 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.14

0.21

3 important support areas can be observed.

Support @0.16 from a trend line in the daily time frame.
Support @0.15 from a trend line in the weekly time frame.
A support zone ranging from 0.14 to 0.14. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for PSNYW is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PSNYW is down.
ChartMill Relative Strength	48.56	NEUTRAL	PSNYW is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PSNYW is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of PSNYW is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PSNYW is above the rising SMA(200).
Relative Strength Index/RSI (14)	35.26	NEUTRAL	The RSI value for PSNYW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests PSNYW has a negative trend.
Stochastics (14,3)	19.5	OVERSOLD	The low Stochastics value suggests PSNYW may be oversold.
Average True Range in percent/ATR (20)	16.01	HIGH VOLATILITY	The high ATR as a percentage value for PSNYW suggests high volalility.
Average Directional Index/ADX (14)	45.96	POSITIVE	The high ADX value value for PSNYW suggests a strong trend.