Overall PSNYW gets a technical rating of 3 out of 10. Although PSNYW 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.
Although the technical rating is bad, PSNYW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.24. Right above this resistance zone may be a good entry point.
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0.14
When analyzing the support we can see 4 important areas.
- Support @0.21 from a horizontal line in the weekly time frame.
- A support zone ranging from 0.20 to 0.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.15 from a trend line in the weekly time frame.
- Support @0.14 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.24 to 0.24. 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 PSNYW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PSNYW is neutral. |
| ChartMill Relative Strength | 81.89 | POSITIVE | PSNYW has a high relative strength, it outperformed 81.89% off all stocks 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) | DOWN | NEGATIVE | The current price of PSNYW is below a declining 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) | 47.87 | NEUTRAL | The RSI value for PSNYW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PSNYW has a positive trend. |
| Stochastics (14,3) | 46.78 | NEUTRAL | The Stochastics value for PSNYW is a neutral value. |
| Average True Range in percent/ATR (20) | 12.62 | HIGH VOLATILITY | The high ATR as a percentage value for PSNYW suggests high volalility. |
| Average Directional Index/ADX (14) | 31.74 | POSITIVE | The high ADX value value for PSNYW suggests a strong trend. |
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0 (-1.34%)
POLESTAR AUTO CLASS C-1 ADS / PSNYW FAQ
Can you provide the ChartMill technical rating for POLESTAR AUTO CLASS C-1 ADS?
ChartMill assigns a technical rating of 3 / 10 to PSNYW.
What is the current trend direction of POLESTAR AUTO CLASS C-1 ADS (PSNYW) stock?
The current trend direction for POLESTAR AUTO CLASS C-1 ADS (PSNYW) is Bearish.
What is the RSI signal for PSNYW stock?
POLESTAR AUTO CLASS C-1 ADS (PSNYW) has an RSI value of 47.8651. This indicates that the stock is currently neutral.
What is the support and resistance level for PSNYW stock?
POLESTAR AUTO CLASS C-1 ADS (PSNYW) has a support level at 0.21 and a resistance level at 0.24. Check the full technical report for our detailed analysis of PSNYW support and resistance levels.