RRVW 2X BLL CRYPT&PRC MTLS (BEGS) Stock Technical Analysis
NYSEARCA:BEGS • US19423L4335
We assign a technical rating of 0 out of 10 to BEGS. BEGS'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, BEGS is a bad performer in the overall market: 85% of all stocks are doing better.
- BEGS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: BEGS has an average volume of 4646 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month BEGS has a been trading in the 17.21 - 25.93 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.
BEGS has a poor technical rating and the quality of the setup is also not perfect 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
18.02
We found 1 important support area.
- Support @18.20 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @21.02 from a horizontal line in the daily time frame.
- A resistance zone ranging from 23.33 to 23.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @27.35 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 | DOWN | NEGATIVE | The long term trend for BEGS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BEGS is down. |
| ChartMill Relative Strength | 15.67 | NEGATIVE | BEGS has a low relative strength, it was outperformed by 84.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BEGS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BEGS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BEGS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.9 | NEUTRAL | The RSI value for BEGS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests BEGS has a positive trend. |
| Stochastics (14,3) | 84.05 | OVERBOUGHT | The high Stochastics value suggests BEGS may be overbought. |
| Average True Range in percent/ATR (20) | 7.96 | HIGH VOLATILITY | The high ATR as a percentage value for BEGS suggests high volalility. |
| Average Directional Index/ADX (14) | 27.41 | POSITIVE | The high ADX value value for BEGS suggests a strong trend. |
20.38
-0.17 (-0.81%)
RRVW 2X BLL CRYPT&PRC MTLS / BEGS FAQ
Can you provide the ChartMill technical rating for RRVW 2X BLL CRYPT&PRC MTLS?
ChartMill assigns a technical rating of 0 / 10 to BEGS.
Can you provide the trend direction for RRVW 2X BLL CRYPT&PRC MTLS?
The current trend direction for RRVW 2X BLL CRYPT&PRC MTLS (BEGS) is Bearish.
Can you provide the RSI signal for RRVW 2X BLL CRYPT&PRC MTLS?
RRVW 2X BLL CRYPT&PRC MTLS (BEGS) has an RSI value of 44.8953. This indicates that the stock is currently neutral.
What is the MACD signal for BEGS stock?
The MACD indicator for RRVW 2X BLL CRYPT&PRC MTLS (BEGS) has a value of 0.338798, indicating a bearish trend.
What is the buy/sell signal for RRVW 2X BLL CRYPT&PRC MTLS (BEGS) stock?
The buy/sell signal for RRVW 2X BLL CRYPT&PRC MTLS (BEGS) is sell as both the short term and long term trends are negative.