ADVISORSHARES PSYCHEDELICS (PSIL) Stock Technical Analysis
NYSEARCA:PSIL - NYSE Arca - US00768Y2972 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to PSIL. Although PSIL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: PSIL has an average volume of 15786 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When compared to the yearly performance of all other stocks, PSIL outperforms 56% of them, which is more or less in line with the market.
PSIL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PSIL is lagging the market.
In the last month PSIL has a been trading in the 11.89 - 15.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PSIL has an excellent technical rating, but the quality of the setup is only medium 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
11.81
15.82
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.38 to 13.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.93 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @15.30 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 15.66 to 15.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.09
Mansfield0.88
10 Day High15.55
10 Day Low13.65
20 Day High15.94
20 Day Low11.9
52 Week High17
52 Week Low7.14
Performance
1 Week-9.71%
2 Weeks-11.29%
1 Month9.55%
3 Month12.09%
6 Month48.78%
12 Month-6.5%
2 Year-35.91%
3 Year-68.37%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.14
RSI(14)49.12
LBB13.45
UBB15.8
13.6517
-0.37 (-2.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.63%
1 Week-9.71%
2 Weeks-11.29%
1 Month9.55%
3 Month12.09%
6 Month48.78%
12 Month-6.5%
2 Year-35.91%
3 Year-68.37%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%4.6%
ATR Inc-20.34%
Range Today0.61
ADR(20)0.54
ADR(20)%3.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.09
Mansfield0.88
10 Day High15.55
10 Day Low13.65
20 Day High15.94
20 Day Low11.9
52 Week High17
52 Week Low7.14
CS1 End13.08
CR1 Start15.3
Volume & EV
DER(3)-10.24%
DER(5)-13.99%
Volume11.80K
Volume Incr56.35%
Vol(5)29.30K
Vol(50)15.79K