PSIL weekly bullflag is most likely scenarioBear break of the daily equilibrium with no followthrough has me believing more and more in the weekly bull flag scenario. Still a 4hr downtrend but the bounce today made enough room where we can anticipte a higher low on the next pullback, and then look for resistance breaks on the next push forwa
Key stats
About AdvisorShares Psychedelics ETF
Home page
Inception date
Sep 15, 2021
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
AdvisorShares Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US00768Y2972
PSIL is an actively-managed portfolio of publicly-listed companies that derive at least 50% of their revenue or devote 50% of their assets to legal activities related to psychedelic medicines and their derivatives, excluding cannabis. It invests in stocks of US and foreign mid-, small-, and micro-cap firms and in swaps that provide the same exposure. PSIL aims to concentrate at least 25% of its investments in the Pharmaceuticals, Biotechnology & Life Sciences industry group. The fund adviser uses outside analyst ratings and stock selection rating tools to select companies that dominate their respective industries or are in unique positions for growth and expansion. Additionally, the fund has the ability to engage in stock lending, up to 33.3% of the portfolio, in order to increase income to the issuer.
Related funds
Classification
What's in the fund
Exposure type
Health Technology
Stock breakdown by region
Top 10 holdings
Big bear volume on teh sector ETFIt's looking like the daily eq is on the cusp of breaking bearish with a close at low of day on big bear volume. Zooming out to the weekly this is still a potential weekly bullflag setup until the bears prove otherwise. We're watching Weekly EMA12 on any pullback and it coincides with 15.31 previou
PSIL tightening up on the dailySector ETF looks to me like a tightening equilibrium on the daily timeframe. This can break bullish or bearish, but because of how its underlying holdings are trading and considering the prevailing trends, I do have a bullish lean on this pattern. Hourly chart is too choppy to make sense, 4hr does
PSIL breaks the lower highs - is the new weekly support set?PSIL daily bounce has broken the lower highs, which is the first clue our new weekly support may be set. To be certain, we will have to confirm the daily uptrend, but that will take likely into next week to see.
The key levels going into tomorrow are today's high and today's low. If we break th
PSIL Head and Shoulders confirmed. Here's what I'm looking forWeekly consolidation has started in the sector ETF and so far is very healthy shallow consolidation. This remains a weekly bullflag unless bears can prove it's not.
We must keep an eye on the broader market, although the sector held up remarkably well on Friday on a very red day in the indicies.
PSIL healthy sideways consolidation in very tight rangeHealthy consolidation sideways for three days after breaking through monthly resistance at $17 which we are how holding as support. Volume still meagre, still waiting for this to ramp up significantly to let us know the herd is entering the trade along with us.
Support: 17.03, 16.94, 16.80
Resista
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PSIL trades at 19.89 USD today, its price has risen 1.24% in the past 24 hours. Track more dynamics on PSIL price chart.
PSIL net asset value is 19.98 today — it's risen 14.65% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
PSIL assets under management is 17.67 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
PSIL price has risen by 14.53% over the last month, and its yearly performance shows a 173.07% increase. See more dynamics on PSIL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 14.65% over the last month, showed a 38.59% increase in three-month performance and has increased by 179.04% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 14.65% over the last month, showed a 38.59% increase in three-month performance and has increased by 179.04% in a year.
PSIL fund flows account for 4.39 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PSIL invests in stocks. See more details in our Analysis section.
PSIL expense ratio is 0.99%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PSIL isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, PSIL technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PSIL shows the buy signal. See more of PSIL technicals for a more comprehensive analysis.
Today, PSIL technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PSIL shows the buy signal. See more of PSIL technicals for a more comprehensive analysis.
Yes, PSIL pays dividends to its holders with the dividend yield of 1.26%.
PSIL trades at a premium (0.41%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PSIL shares are issued by Wilson Lane Group LLC
PSIL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 15, 2021.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.