Pershing Square Tontine Holdings Ltd (PSTH) Stock Technical Analysis
NYSE:PSTH - New York Stock Exchange, Inc. - US71531R1095 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PSTH. Although PSTH is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
PSTH has an average volume of 3551350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PSTH did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
PSTH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PSTH is lagging the market.
In the last month PSTH has a been trading in a tight range between 19.94 and 20.20.
Volume is considerably higher in the last couple of days.
Although PSTH has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
19.48
20.48
When analyzing the support we notice one important area.
- A support zone ranging from 19.68 to 20.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 20.14 to 20.28. 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 | UP | POSITIVE | The long term trend for PSTH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PSTH is up. |
| ChartMill Relative Strength | 74.99 | POSITIVE | PSTH has a high relative strength, it outperformed 74.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PSTH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PSTH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PSTH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.39 | OVERBOUGHT | The high RSI value suggests PSTH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PSTH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.19 | NEUTRAL | The Stochastics value for PSTH is a neutral value. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for PSTH suggests low volalility. |
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)
20.14
+0.01 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.05%
1 Week-0.1%
2 Weeks0.7%
1 Month0.9%
3 Month1.26%
6 Month1.51%
12 Month-1.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.21%
ATR Inc109.35%
Range Today0.07
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.99
Mansfield1.09
10 Day High20.2
10 Day Low20.07
20 Day High20.2
20 Day Low19.94
52 Week High20.42
52 Week Low19.54
CS1 End20.06
CR1 Start20.14
Volume & EV
DER(3)8.66%
DER(5)4.07%
Volume18.16M
Volume Incr108.57%
Vol(5)10.58M
Vol(50)3.55M