PSNYW Technical Analysis - POLESTAR AUTO CLASS C-1 ADS

Technical Rating and Analysis

Taking everything into account, PSNYW scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PSNYW is showing a nice and steady performance.

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 0.15 - 0.80 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.

Both the short term and long term trends are positive. This is a very positive sign.

PSNYW is one of the better performing stocks in the Automobiles industry, it outperforms 91% of 37 stocks in the same industry.

PSNYW has an average volume of 4261750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that PSNYW is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

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 excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.14

0.30

We found 2 important support areas.

Support @0.16 from a trend line in the daily 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	UP	POSITIVE	The long term trend for PSNYW is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PSNYW is up.
ChartMill Relative Strength	92.07	POSITIVE	PSNYW has a high relative strength, it outperformed 92.07% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of PSNYW is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PSNYW is above 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)	54.02	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)	13.43	OVERSOLD	The low Stochastics value suggests PSNYW may be oversold.
Average True Range in percent/ATR (20)	28.78	HIGH VOLATILITY	The high ATR as a percentage value for PSNYW suggests high volalility.
Average Directional Index/ADX (14)	65.8	POSITIVE	The high ADX value value for PSNYW suggests a strong trend.