T-REX 2X LNG APPLE DLY TRGT (AAPX) Stock Technical Analysis
USA - NYSEARCA:AAPX - US26923N6296 - ETF
27.33 USD
+1.05 (+4%)
27.35 USD
+0.02 (+0.07%)
We assign a technical rating of 7 out of 10 to AAPX. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AAPX is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the performance of all stocks over the past year, AAPX turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
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.
In the last month AAPX has a been trading in the 25.74 - 29.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
AAPX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 28.38. Right above this resistance zone may be a good entry point.
More info and screens
17.53
29.03
4 important support areas can be observed.
- Support @26.70 from a trend line in the daily time frame.
- A support zone ranging from 25.88 to 25.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.83 from a trend line in the daily time frame.
- Support @17.71 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 28.38 to 28.74. 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 AAPX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AAPX is neutral. |
| ChartMill Relative Strength | 65.56 | NEUTRAL | AAPX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AAPX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AAPX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AAPX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.89 | NEUTRAL | The RSI value for AAPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.33 | NEGATIVE | The MACD value suggests AAPX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.89 | NEUTRAL | The Stochastics value for AAPX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for AAPX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.17 | NEUTRAL | The ADX value for AAPX suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 28.75 | 26.69 | 2.06 (7.17%) | 13.96% |
| An entry @28.75. This is a Buy Stop order right above the resistance zone. | An exit @26.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.06 points, which is 7.17%. | For a 1.00% total portfolio risk, you can invest 13.96% of your capital in this trade. |
- 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.
27.33
+1.05 (+4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4%
1 Week5.6%
2 Weeks-4.91%
1 Month4.47%
3 Month36.99%
6 Month51.41%
12 Month-21.76%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%3.62%
ATR Inc18.68%
Range Today1.25
ADR(20)0.93
ADR(20)%3.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.56
Mansfield-0.23
10 Day High28.89
10 Day Low25.74
20 Day High29
20 Day Low25.74
52 Week High40.44
52 Week Low13.72
CS1 End26.7
CR1 Start28.38
Volume & EV
DER(3)0.26%
DER(5)1.06%
Volume93.40K
Volume Incr-43.88%
Vol(5)100.52K
Vol(50)205.97K