We assign a technical rating of 7 out of 10 to AAPW. Although AAPW is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, AAPW also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 43.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.40, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AAPW in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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34.88
We found 3 important support areas.
- A support zone ranging from 40.94 to 42.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @36.61 from a horizontal line in the daily time frame.
- Support @35.23 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 43.89 to 44.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 AAPW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AAPW is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | AAPW has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AAPW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AAPW is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 66.45 | NEUTRAL | The RSI value for AAPW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests AAPW has a positive trend. |
| Stochastics (14,3) | 91.93 | OVERBOUGHT | The high Stochastics value suggests AAPW may be overbought. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for AAPW suggests some volalility. |
| Average Directional Index/ADX (14) | 20.09 | NEUTRAL | The ADX value for AAPW 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 |
|---|---|---|---|
| 44.16 | 40.80 | 3.36 (7.61%) | 13.14% |
| An entry @44.16. This is a Buy Stop order right above the resistance zone. | An exit @40.80. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.36 points, which is 7.61%. | When investing 13.14% 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.
43.88
+0.29 (+0.67%)
ROUNDHILL AAPL WEEKLYPAY ETF / AAPW FAQ
Can you provide the ChartMill technical rating for ROUNDHILL AAPL WEEKLYPAY ETF?
ChartMill assigns a technical rating of 7 / 10 to AAPW.
What is the trend direction for AAPW stock?
The current trend direction for ROUNDHILL AAPL WEEKLYPAY ETF (AAPW) is Bullish.
What is the RSI signal for AAPW stock?
ROUNDHILL AAPL WEEKLYPAY ETF (AAPW) has an RSI value of 66.4517. This indicates that the stock is currently neutral.
What is the short term momentum for ROUNDHILL AAPL WEEKLYPAY ETF (AAPW) stock?
The short term momentum for ROUNDHILL AAPL WEEKLYPAY ETF (AAPW) is positive.
What are the support and resistance levels for ROUNDHILL AAPL WEEKLYPAY ETF (AAPW) stock?
ROUNDHILL AAPL WEEKLYPAY ETF (AAPW) has a support level at 42.4 and a resistance level at 43.89. Check the full technical report for our detailed analysis of AAPW support and resistance levels.