NYSE Pickens Oil Response ETF (BOON) Stock Technical Analysis
NYSEARCA:BOON - NYSE Arca -
Taking everything into account, BOON scores 0 out of 10 in our technical rating. BOON 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.
75% of all other stocks performed better in the past year than BOON.
BOON 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.
In the last month BOON has a been trading in the 19.38 - 21.91 range, which is quite wide. It is currently trading near the lows of this range.
Warning: BOON has an average volume of 736 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The technical rating of BOON 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
19.43
22.47
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 20.80 to 21.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.12 to 22.25. 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 | DOWN | NEGATIVE | The long term trend for BOON is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BOON is down. |
| ChartMill Relative Strength | 25.34 | NEGATIVE | BOON has a low relative strength, it was outperformed by 74.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BOON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BOON is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BOON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.66 | NEUTRAL | The RSI value for BOON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests BOON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.62 | OVERSOLD | The low Stochastics value suggests BOON may be oversold. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for BOON suggests low 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)
NYSEARCA:BOON (8/13/2019, 8:16:43 PM)
19.6252
+0.24 (+1.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.25%
1 Week-0.58%
2 Weeks-9.45%
1 Month-9.81%
3 Month-9.58%
6 Month-12.35%
12 Month-24.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%1.74%
ATR Inc11.75%
Range Today0.21
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
CRS25.34
Mansfield-1.64
10 Day High21.83
10 Day Low19.38
20 Day High21.91
20 Day Low19.38
52 Week High27.2
52 Week Low17.82
CS1 EndN/A
CR1 Start20.8
Volume & EV
DER(3)-11.11%
DER(5)-6.67%
Volume2.60K
Volume Incr35.43%
Vol(5)860
Vol(50)736