TRADR 2X LONG APP DAILY ETF (APPX) Stock Technical Analysis
NASDAQ:APPX - Nasdaq - US46092D1037 - ETF - Currency: USD
Overall APPX gets a technical rating of 6 out of 10. APPX has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
100% of all other stocks performed better in the past year than APPX.
The long and short term trends are both positive. This is looking good!
In the last month APPX has a been trading in the 34.88 - 49.24 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is only medium, APPX does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
36.87
48.56
2 important support areas can be observed.
- A support zone ranging from 42.94 to 42.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 37.24 to 37.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @48.08 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 | UP | POSITIVE | The short term trend for APPX is up. |
| 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) | UP | POSITIVE | The current price of APPX is above the rising 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) | 58.09 | NEUTRAL | The RSI value for APPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests APPX has a positive trend. |
| Stochastics (14,3) | 79.22 | NEUTRAL | The Stochastics value for APPX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.47 | HIGH VOLATILITY | The high ATR as a percentage value for APPX suggests high volalility. |
| Average Directional Index/ADX (14) | 18.57 | NEGATIVE | The low ADX value for APPX suggests a weak or negative 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 |
|---|---|---|---|
| 48.09 | 42.93 | 5.16 (10.73%) | 9.32% |
| An entry @48.09. This is a Buy Stop order right above the resistance zone. | An exit @42.93. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.16 points, which is 10.73%. | When investing 9.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of APPX. Please evaluate whether better entry and exit points can be found.
- 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.
46.98
+2.74 (+6.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.19%
1 Week14.2%
2 Weeks15.35%
1 Month19.12%
3 Month29.35%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)4.08
ATR(20)%8.47%
ATR Inc17.12%
Range Today3.5
ADR(20)3.63
ADR(20)%7.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High49.24
10 Day Low39.18
20 Day High49.24
20 Day Low34.88
52 Week HighN/A
52 Week LowN/A
CS1 End42.94
CR1 Start48.08
Volume & EV
DER(3)-1.58%
DER(5)-0.35%
Volume1.65M
Volume Incr150.21%
Vol(5)806.46K
Vol(50)301.64K