Taking everything into account, AAPX scores 1 out of 10 in our technical rating. AAPX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- AAPX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, AAPX outperforms 46% of them, which is more or less in line with the market.
- AAPX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AAPX is lagging the market.
AAPX has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.52
We found 2 important support areas.
- A support zone ranging from 27.60 to 27.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.76 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 27.75 to 27.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.84 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for AAPX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AAPX is down. |
| ChartMill Relative Strength | 46.99 | NEUTRAL | AAPX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AAPX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AAPX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AAPX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 26.31 | OVERSOLD | The low RSI value suggests AAPX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests AAPX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.28 | OVERSOLD | The low Stochastics value suggests AAPX may be oversold. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for AAPX suggests some volalility. |
| Average Directional Index/ADX (14) | 27.06 | POSITIVE | The high ADX value value for AAPX suggests a strong trend. |
27.74
-0.18 (-0.64%)
T-REX 2X LNG APPLE DLY TRGT / AAPX FAQ
Can you provide the ChartMill technical rating for T-REX 2X LNG APPLE DLY TRGT?
ChartMill assigns a technical rating of 1 / 10 to AAPX.
What is the current trend direction of T-REX 2X LNG APPLE DLY TRGT (AAPX) stock?
The current trend direction for T-REX 2X LNG APPLE DLY TRGT (AAPX) is Bearish.
What is the RSI signal for AAPX stock?
T-REX 2X LNG APPLE DLY TRGT (AAPX) has an RSI value of 26.308. This indicates that the stock is currently oversold.
What is the MACD signal for T-REX 2X LNG APPLE DLY TRGT (AAPX) stock?
The MACD indicator for T-REX 2X LNG APPLE DLY TRGT (AAPX) has a value of -0.257876, indicating a bearish trend.
What is the short term momentum for AAPX stock?
The short term momentum for T-REX 2X LNG APPLE DLY TRGT (AAPX) is negative.