PSI's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for PSI turned positive on November 25, 2024. Looking at past instances where PSI's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 27, 2024. You may want to consider a long position or call options on PSI as a result. In of 93 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
PSI moved above its 50-day moving average on November 29, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for PSI crossed bullishly above the 50-day moving average on December 04, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The 50-day moving average for PSI moved above the 200-day moving average on December 16, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PSI advanced for three days, in of 319 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 297 cases where PSI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 11 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PSI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
Category Technology
PSI and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PSI has been closely correlated with SOXX. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if PSI jumps, then SOXX could also see price increases.
| Ticker / NAME | Correlation To PSI | 1D Price Change % | ||
|---|---|---|---|---|
| PSI | 100% | -1.26% | ||
| SOXX - PSI | 98% Closely correlated | -1.41% | ||
| SMH - PSI | 95% Closely correlated | -1.30% | ||
| VGT - PSI | 89% Closely correlated | -0.62% | ||
| CHAT - PSI | 88% Closely correlated | -1.65% | ||
| XLK - PSI | 87% Closely correlated | -0.60% | ||
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