Taking everything into account, ARMG scores 0 out of 10 in our technical rating. ARMG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of ARMG is bad and it also does not present a quality setup 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
6.17
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 | DOWN | NEGATIVE | The long term trend for ARMG is down. |
| 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). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ARMG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 22.82 | OVERSOLD | The low RSI value suggests ARMG may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests ARMG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.17 | OVERSOLD | The low Stochastics value suggests ARMG may be oversold. |
| Average True Range in percent/ATR (20) | 9.24 | HIGH VOLATILITY | The high ATR as a percentage value for ARMG suggests high volalility. |
| Average Directional Index/ADX (14) | 32.9 | POSITIVE | The high ADX value value for ARMG suggests a strong trend. |
6.23
-0.04 (-0.64%)
LEVERAGE SHARES 2X ARM / ARMG FAQ
What is the ChartMill technical rating of LEVERAGE SHARES 2X ARM (ARMG) stock?
ChartMill assigns a technical rating of 0 / 10 to ARMG.
What is the current trend direction of LEVERAGE SHARES 2X ARM (ARMG) stock?
The current trend direction for LEVERAGE SHARES 2X ARM (ARMG) is Bearish.
What is the RSI signal for ARMG stock?
LEVERAGE SHARES 2X ARM (ARMG) has an RSI value of 22.8236. This indicates that the stock is currently oversold.
What is the MACD signal for LEVERAGE SHARES 2X ARM (ARMG) stock?
The MACD indicator for LEVERAGE SHARES 2X ARM (ARMG) has a value of -0.170581, indicating a bearish trend.