PSIL AdvisorShares Psychedelics ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for PSIL turns negative, indicating new downward trend
PSIL saw its Momentum Indicator move below the 0 level on September 15, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator turned negative. In of the 31 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for PSIL turned negative on September 20, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 14 similar instances when the indicator turned negative. In of the 14 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PSIL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PSIL entered a downward trend on September 06, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where PSIL's RSI Indicator exited the oversold zone, of 15 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PSIL advanced for three days, in of 96 cases, the price rose further within the following month. The odds of a continued upward trend are .
PSIL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Miscellaneous
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Correlation & Price change
A.I.dvisor indicates that over the last year, PSIL has been loosely correlated with QCLN. These tickers have moved in lockstep 40% of the time. This A.I.-generated data suggests there is some statistical probability that if PSIL jumps, then QCLN could also see price increases.
| Ticker / NAME | Correlation To PSIL | 1D Price Change % | ||
|---|---|---|---|---|
| PSIL | 100% | +2.41% | ||
| QCLN - PSIL | 40% Loosely correlated | -0.87% | ||
| XT - PSIL | 32% Poorly correlated | +0.17% | ||
| JETS - PSIL | 32% Poorly correlated | -1.09% | ||
| BOTZ - PSIL | 31% Poorly correlated | +0.45% | ||
| ICLN - PSIL | 21% Poorly correlated | -0.85% | ||
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