Technical Analysis for PSI - PowerShares Dynamic Semiconductors

Grade Last Price % Change Price Change
C 55.99 2.21% 1.21
PSI closed up 2.21 percent on Monday, May 6, 2024, on 67 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
50 DMA Resistance Bearish 2.21%
Crossed Above 20 DMA Bullish 2.21%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 5 hours ago
2x Volume Pace about 9 hours ago
1.5x Volume Pace about 9 hours ago
Rose Above Previous Day's High about 9 hours ago
Rose Above 50 DMA about 9 hours ago

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Profile

The PowerShares Dynamic Semiconductors Portfolio (Fund) is based on the Dynamic Semiconductor IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intelldiex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.
Classification

Keywords: Exchange Traded Fund ETF Exchange Traded Funds Semiconductor Invesco Powershares Inter 10 Index

Top 10 Components

Symbol Grade Price % Change Allocation
MU B 4.73 6.67
NVDA C 3.77 5.86
QCOM A 1.23 5.30
AMAT C 2.34 5.03
KLAC A 3.13 5.01
AVGO C 2.52 4.97
LRCX D 1.76 4.73
ACMR D 2.78 3.63
INTC F 0.63 3.35
MTSI B 0.64 3.17

Is PSI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 58.59
52 Week Low 36.3702
Average Volume 74,950
200-Day Moving Average 47.76
50-Day Moving Average 54.86
20-Day Moving Average 53.93
10-Day Moving Average 53.80
Average True Range 1.49
RSI (14) 56.52
ADX 13.14
+DI 30.60
-DI 23.92
Chandelier Exit (Long, 3 ATRs) 52.70
Chandelier Exit (Short, 3 ATRs) 54.23
Upper Bollinger Bands 57.61
Lower Bollinger Band 50.25
Percent B (%b) 0.78
BandWidth 13.65
MACD Line -0.11
MACD Signal Line -0.37
MACD Histogram 0.2513
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 56.89
Resistance 3 (R3) 56.79 56.39 56.74
Resistance 2 (R2) 56.39 56.16 56.44 56.69
Resistance 1 (R1) 56.19 56.02 56.29 56.29 56.64
Pivot Point 55.79 55.79 55.84 55.84 55.79
Support 1 (S1) 55.59 55.56 55.69 55.69 55.34
Support 2 (S2) 55.19 55.42 55.24 55.29
Support 3 (S3) 54.99 55.19 55.24
Support 4 (S4) 55.09