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PSM.DE fails to close above 50-day moving average

Technical Analysis Report for PSM.DE - Apr 16, 2018 [< 1 min read]
PSM.DE breaks below 100-day moving average
PSM.DE fails to close above 50-day moving average
PSM.DE closes lower for the 3rd day in a row
PSM.DE breaks below previous session low
PSM.DE falls to lowest close since April 5th
TQ Sentiment
Technical Forecast:

Moving lower for the 3rd day in a row, PSM.DE ended Monday at 28.70 losing €0.44 (-1.51%). Today's closing price of 28.70 marks the lowest close since April 5th. Closing below Friday's low at 29.13, the share confirms its breakout through the prior session's low having traded €0.66 below it intraday.

Daily chart for PSM.DE

Monday's trading range was €0.83 (2.85%), that's far above last trading month's daily average range of €0.56. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.


After spiking up to 29.30 during the day, the stock found resistance at the 50-day moving average at 29.27.


Pro7Sat1 shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The market broke below the 100-day moving average at 29.00 today for the first time since March 6th.


Even though both sentiments are bearish for the next trading day, the classical technical analysis metrics are only slightly bearish while our quantitative statistics show a bearish sentiment.

Report Market Conditions
Bearish Bounce off SMA 50 TQ Pro Members Only
Bearish Break through SMA 100 TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
3 Consecutive Lower Closes TQ Pro Members Only
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Find out what happened when ProSiebenSat.1 Media SE traded like this in the past. See the odds for each technical pattern with expected gain and loss.


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