GRANITESHARES 2X LONG AAPL D (AAPB) Stock Technical Analysis
USA - NASDAQ:AAPB - US38747R8842 - ETF
Taking everything into account, AAPB scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, AAPB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, AAPB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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18.65
6 important support areas can be observed.
- Support @29.41 from a trend line in the daily time frame.
- A support zone ranging from 27.32 to 27.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @22.51 from a trend line in the daily time frame.
- Support @20.29 from a trend line in the weekly time frame.
- Support @19.20 from a trend line in the weekly time frame.
- Support @18.84 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @32.22 from a horizontal line in the daily time frame.
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 | UP | POSITIVE | The long term trend for AAPB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AAPB is up. |
| ChartMill Relative Strength | 84.71 | POSITIVE | AAPB has a high relative strength, it outperformed 84.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AAPB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AAPB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AAPB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.91 | NEUTRAL | The RSI value for AAPB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests AAPB has a positive trend. |
| Stochastics (14,3) | 74.17 | NEUTRAL | The Stochastics value for AAPB is a neutral value. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for AAPB suggests some volalility. |
| Average Directional Index/ADX (14) | 23.11 | NEUTRAL | The ADX value for AAPB suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 32.23 | 29.40 | 2.83 (8.78%) | 11.39% |
| An entry @32.23. This is a Buy Stop order right above the resistance zone. | An exit @29.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.83 points, which is 8.78%. | When investing 11.39% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
31.65
+0.75 (+2.44%)
GRANITESHARES 2X LONG AAPL D / AAPB FAQ
What is the technical rating for AAPB stock?
ChartMill assigns a technical rating of 9 / 10 to AAPB.
What is the current trend direction of GRANITESHARES 2X LONG AAPL D (AAPB) stock?
The current trend direction for GRANITESHARES 2X LONG AAPL D (AAPB) is Bullish.
What is the RSI signal for AAPB stock?
GRANITESHARES 2X LONG AAPL D (AAPB) has an RSI value of 62.9149. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GRANITESHARES 2X LONG AAPL D?
The MACD indicator for GRANITESHARES 2X LONG AAPL D (AAPB) has a value of 0.0671298, indicating a bearish trend.
What is the support and resistance level for AAPB stock?
GRANITESHARES 2X LONG AAPL D (AAPB) has a support level at 29.41 and a resistance level at 32.22. Check the full technical report for our detailed analysis of AAPB support and resistance levels.