T-REX 2X LG BMNR DT ETF (BMNU) Technical Analysis
NYSEARCA:BMNU • US26923Q5642
Current stock price
BMNU Technical Rating and Analysis
Taking everything into account, BMNU scores 2 out of 10 in our technical rating. In the past year, BMNU was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, BMNU is a bad performer in the overall market: 100% of all stocks are doing better.
- BMNU has an average volume of 130428000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month BMNU has a been trading in the 1.44 - 2.54 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BMNU Weekly and Daily overview Charts
BMNU Setup Rating and Analysis
Although the technical rating is bad, BMNU does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.34. Right above this resistance zone may be a good entry point.
More info and screens
BMNU Support and Resistance Analysis
2.02
We found 1 important support area.
- A support zone ranging from 2.04 to 2.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.34 to 2.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
BMNU Technical Indicator Signal Analysis
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 BMNU is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BMNU is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | BMNU 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 BMNU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BMNU is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 49.75 | NEUTRAL | The RSI value for BMNU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests BMNU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.56 | NEUTRAL | The Stochastics value for BMNU is a neutral value. |
| Average True Range in percent/ATR (20) | 12.56 | HIGH VOLATILITY | The high ATR as a percentage value for BMNU suggests high volalility. |
| Average Directional Index/ADX (14) | 10.76 | NEGATIVE | The low ADX value for BMNU suggests a weak or negative trend. |
BMNU Chart- and CandleStick Pattern Analysis
BMNU Technicals: Chart, Performance Metrics, Trend & Indicators
2.11
-0.24 (-10.21%)
T-REX 2X LG BMNR DT ETF / BMNU TA FAQ
What is the technical rating for BMNU stock?
ChartMill assigns a technical rating of 2 / 10 to BMNU.
Can you provide the trend direction for T-REX 2X LG BMNR DT ETF?
The current trend direction for T-REX 2X LG BMNR DT ETF (BMNU) is Bearish.
What is the RSI signal for T-REX 2X LG BMNR DT ETF (BMNU) stock?
T-REX 2X LG BMNR DT ETF (BMNU) has an RSI value of 49.7461. This indicates that the stock is currently neutral.
What is the MACD signal for T-REX 2X LG BMNR DT ETF (BMNU) stock?
The MACD indicator for T-REX 2X LG BMNR DT ETF (BMNU) has a value of 0.0508577, indicating a bearish trend.