GRANITESHARES 2X LONG AAPL D (AAPB) Technical Analysis
NASDAQ:AAPB • US38747R8842
Current stock price
AAPB Technical Rating and Analysis
Taking everything into account, AAPB scores 0 out of 10 in our technical rating. AAPB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 73% of all other stocks performed better in the past year than AAPB.
- In the last month AAPB has a been trading in the 25.60 - 32.11 range, which is quite wide. It is currently trading near the lows of this range.
- AAPB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AAPB is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
AAPB Weekly and Daily overview Charts
AAPB Setup Rating and Analysis
Although the technical rating is bad, AAPB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 26.70, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AAPB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
AAPB Support and Resistance Analysis
25.64
When analyzing the support we notice one important area.
- A support zone ranging from 25.90 to 26.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 26.89 to 26.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.23 from a trend line in the daily time frame.
- Resistance @31.57 from a trend line in the weekly time frame.
- Resistance @32.17 from a trend line in the daily time frame.
- Resistance @34.02 from a horizontal line in the daily time frame.
- Resistance @35.24 from a horizontal line in the weekly time frame.
AAPB Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for AAPB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AAPB is down. |
| ChartMill Relative Strength | 27.72 | NEGATIVE | AAPB has a low relative strength, it was outperformed by 72.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AAPB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AAPB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AAPB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.4 | NEUTRAL | The RSI value for AAPB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests AAPB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.78 | NEUTRAL | The Stochastics value for AAPB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for AAPB suggests some volalility. |
| Average Directional Index/ADX (14) | 25.96 | POSITIVE | The high ADX value value for AAPB suggests a strong trend. |
AAPB Chart- and CandleStick Pattern Analysis
AAPB Technicals: Chart, Performance Metrics, Trend & Indicators
26.8821
+0.2 (+0.74%)
GRANITESHARES 2X LONG AAPL D / AAPB TA FAQ
What is the technical rating for AAPB stock?
ChartMill assigns a technical rating of 0 / 10 to AAPB.
Can you provide the trend direction for GRANITESHARES 2X LONG AAPL D?
The current trend direction for GRANITESHARES 2X LONG AAPL D (AAPB) is Bearish.
Can you provide the RSI signal for GRANITESHARES 2X LONG AAPL D?
GRANITESHARES 2X LONG AAPL D (AAPB) has an RSI value of 41.4046. This indicates that the stock is currently neutral.
What is the short term momentum for GRANITESHARES 2X LONG AAPL D (AAPB) stock?
The short term momentum for GRANITESHARES 2X LONG AAPL D (AAPB) is negative.
What is the buy/sell signal for GRANITESHARES 2X LONG AAPL D (AAPB) stock?
The buy/sell signal for GRANITESHARES 2X LONG AAPL D (AAPB) is sell as both the short term and long term trends are negative.