Microsectors -2X U.S. Big Banks ETN (BNKZ) Stock Technical Analysis
USA - NYSEARCA:BNKZ -
14.8379
0 (0%)
Overall BNKZ gets a technical rating of 0 out of 10. BNKZ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, BNKZ is a bad performer in the overall market: 100% of all stocks are doing better.
BNKZ is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
BNKZ is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: BNKZ has an average volume of 448 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Considerably lower volume is observed in the last couple of days.
BNKZ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 14.83, a Stop Loss order could be placed below this zone.
More info and screens
14.54
26.99
When analyzing the support we notice one important area.
- A support zone ranging from 14.69 to 14.83. 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 4 important areas.
- A resistance zone ranging from 14.85 to 14.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 15.19 to 15.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @19.21 from a trend line in the daily time frame.
- Resistance @26.72 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 | DOWN | NEGATIVE | The long term trend for BNKZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BNKZ is down. |
| ChartMill Relative Strength | 0.94 | NEGATIVE | BNKZ has a low relative strength, it was outperformed by 99.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BNKZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BNKZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BNKZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.14 | NEUTRAL | The RSI value for BNKZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests BNKZ has a positive trend. |
| Stochastics (14,3) | 9.59 | OVERSOLD | The low Stochastics value suggests BNKZ may be oversold. |
| Average True Range in percent/ATR (20) | 2.94 | MEDIUM VOLATILITY | The ATR as a percentage value for BNKZ suggests some volalility. |
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)
Microsectors -2X U.S. Big Banks ETN
NYSEARCA:BNKZ (12/17/2020, 8:06:22 PM)
14.8379
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.33%
2 Weeks-2.17%
1 Month-14.4%
3 Month-43.24%
6 Month-46.4%
12 Month-53.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%2.94%
ATR Inc-100%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.94
Mansfield-6.17
10 Day High14.92
10 Day Low14.69
20 Day High20.09
20 Day Low14.69
52 Week High78.25
52 Week Low14.69
CS1 End14.83
CR1 Start14.85
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr-81.48%
Vol(5)100
Vol(50)448