LEVERAGE SHARES 2X BA (BOEG) Stock Technical Analysis
NASDAQ:BOEG - Nasdaq - US8829276430 - ETF - Currency: USD
Overall BOEG gets a technical rating of 4 out of 10. BOEG has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
BOEG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for BOEG 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.
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17.10
We found 1 important support area.
- A support zone ranging from 17.27 to 17.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BOEG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BOEG is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | BOEG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BOEG is below the rising SMA(20). |
| Relative Strength Index/RSI (14) | 57.22 | NEUTRAL | The RSI value for BOEG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests BOEG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.11 | NEUTRAL | The Stochastics value for BOEG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.19 | MEDIUM VOLATILITY | The ATR as a percentage value for BOEG suggests some volalility. |
| Average Directional Index/ADX (14) | 31.48 | POSITIVE | The high ADX value value for BOEG suggests a strong trend. |
18.3696
+0.26 (+1.44%)