PSNY Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Loading...
Not a good buy right now for an impatient trader. PSNY is in a clear downtrend (bearish moving averages and worsening negative MACD), is sitting just below key support (~16.22), and the latest fundamentals show no real growth with continued heavy losses and negative gross margin. Options positioning is somewhat bullish (low put/call ratios), but implied volatility is extremely elevated, signaling high uncertainty rather than a clean upside setup. With no Intellectia buy signals today and the stock trading above Barclays’ $15 target while still rated Underweight, the risk/reward is not attractive for an immediate entry.
Trend & momentum: Bearish. Moving averages are stacked bearishly (SMA_200 > SMA_20 > SMA_5), confirming a sustained downtrend. MACD histogram at -0.538 is below zero and negatively expanding, indicating downside momentum is strengthening rather than stabilizing.
Overbought/oversold: RSI_6 at 25.47 is effectively oversold (despite the provided label of “neutral”), which can allow for short-term bounces, but oversold in a downtrend is not a reliable buy signal by itself.
Levels: Current price 16.21 is essentially at/just under S1 (16.224). If it fails to reclaim and hold above that area quickly, next support is S2 near 14.45. Overhead resistance is heavy: Pivot ~19.10, then ~21.97.
Intellectia Proprietary Trading Signals
Hedge fund flow: Reported hedge funds are buying, with a very large QoQ increase in buying activity.
Industry angle: News highlights Tesla losing market share in California, suggesting competitive openings for other EV brands over time.
Potential technical bounce: Oversold RSI can spark short reflex rallies if price reclaims ~16.22 and stabilizes.
EV demand softness: News indicates broader EV registrations are under pressure; Polestar also saw registration declines.
Latest quarter: 2025/Q3. Revenue was 748.0M with 0.00% YoY change (flat). Net income remained deeply negative at -365.3M (also shown as 0.00% YoY change), and gross margin was -6.08 (negative), indicating the core business is still unprofitable at the gross level. Overall, the quarter does not show a clear improving growth/profitability trend that would justify chasing a buy immediately.
Recent change: On 2026-01-23 Barclays sharply raised its price target to $15 (from $1) but maintained an Underweight rating.
Wall Street pro view (pros): The big target raise suggests expectations have improved versus prior assumptions, and sector commentary notes healthier production rates and reduced EV losses in the group.
Wall Street con view (cons): The maintained Underweight rating is a direct negative, and at ~16.21 PSNY is already above Barclays’ $15 target, implying limited upside per that view and a tougher setup for an impatient entry.
