TRADR 2X LONG APP DAILY ETF (APPX) Stock Technical Analysis
USA - NASDAQ:APPX - US46092D1037 - ETF
Taking everything into account, APPX scores 4 out of 10 in our technical rating. APPX was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
APPX has an average technical rating and the quality of the presented setup is also not ideal 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
27.45
2 important support areas can be observed.
- A support zone ranging from 29.28 to 29.74. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @27.73 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @33.47 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 APPX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for APPX is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | APPX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of APPX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of APPX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 46.78 | NEUTRAL | The RSI value for APPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.17 | NEGATIVE | The MACD value suggests APPX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.38 | OVERSOLD | The low Stochastics value suggests APPX may be oversold. |
| Average True Range in percent/ATR (20) | 14.21 | HIGH VOLATILITY | The high ATR as a percentage value for APPX suggests high volalility. |
| Average Directional Index/ADX (14) | 29.58 | POSITIVE | The high ADX value value for APPX suggests a strong trend. |
31.52
+2.54 (+8.76%)
TRADR 2X LONG APP DAILY ETF / APPX FAQ
What is the technical rating for APPX stock?
ChartMill assigns a technical rating of 4 / 10 to APPX.
What is the current trend direction of TRADR 2X LONG APP DAILY ETF (APPX) stock?
The current trend direction for TRADR 2X LONG APP DAILY ETF (APPX) is Bullish.
What is the RSI signal for APPX stock?
TRADR 2X LONG APP DAILY ETF (APPX) has an RSI value of 46.7809. This indicates that the stock is currently neutral.
What is the MACD signal for APPX stock?
The MACD indicator for TRADR 2X LONG APP DAILY ETF (APPX) has a value of -1.16548, indicating a bearish trend.
Can you provide the short term momentum for TRADR 2X LONG APP DAILY ETF?
The short term momentum for TRADR 2X LONG APP DAILY ETF (APPX) is negative.