LEVERAGE SHARES 2X ARM (ARMG) Stock Technical Analysis
NASDAQ:ARMG - US8829275770 - ETF
10.7766 USD
-0.68 (-5.93%)
10.81 USD
+0.03 (+0.31%)
We assign a technical rating of 1 out of 10 to ARMG. In the last year, ARMG was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, ARMG is a bad performer in the overall market: 100% of all stocks are doing better.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month ARMG has a been trading in the 9.14 - 12.18 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.
Although the technical rating is bad, ARMG does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for ARMG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
9.42
15.35
4 important support areas can be observed.
- A support zone ranging from 10.73 to 10.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.11 from a trend line in the daily time frame.
- Support @9.75 from a horizontal line in the daily time frame.
- Support @9.52 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @11.46 from a horizontal line in the daily time frame.
- Resistance @14.57 from a trend line in the daily time frame.
- Resistance @15.20 from a trend 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 ARMG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ARMG is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | ARMG 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 ARMG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ARMG is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 43.34 | NEUTRAL | The RSI value for ARMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests ARMG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.65 | NEUTRAL | The Stochastics value for ARMG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.41 | HIGH VOLATILITY | The high ATR as a percentage value for ARMG suggests high volalility. |
| Average Directional Index/ADX (14) | 16.15 | NEGATIVE | The low ADX value for ARMG 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)
10.7766
-0.68 (-5.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.93%
1 Week0.16%
2 Weeks-2.12%
1 Month-0.68%
3 Month13.2%
6 Month-15.08%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%6.41%
ATR Inc-0.16%
Range Today0.54
ADR(20)0.64
ADR(20)%5.96%
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 High11.65
10 Day Low9.14
20 Day High12.18
20 Day Low9.14
52 Week HighN/A
52 Week LowN/A
CS1 End10.76
CR1 Start11.46
Volume & EV
DER(3)3.05%
DER(5)2.28%
Volume92.60K
Volume Incr-65.2%
Vol(5)104.84K
Vol(50)202.74K