21SHARES CORE ETHEREUM ETF (CETH) Technical Analysis
NYSEARCA:CETH • US04071F1021
Current stock price
CETH Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to CETH. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CETH is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CETH is one of the better performing stocks in the market, outperforming 95% of all stocks.
- CETH is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CETH has a been trading in the 17.51 - 24.27 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days.
CETH Weekly and Daily overview Charts
CETH Setup Rating and Analysis
Although CETH has an excellent technical rating, it does not offer a high 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
CETH Support and Resistance Analysis
15.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.05 to 22.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 20.68 to 20.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @15.39 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.16 to 24.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
CETH 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 | UP | POSITIVE | The long term trend for CETH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CETH is up. |
| ChartMill Relative Strength | 95.13 | POSITIVE | CETH has a high relative strength, it outperformed 95.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CETH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CETH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CETH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.42 | NEUTRAL | The RSI value for CETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CETH has a negative trend. |
| Stochastics (14,3) | 70.42 | NEUTRAL | The Stochastics value for CETH is a neutral value. |
| Average True Range in percent/ATR (20) | 5 | HIGH VOLATILITY | The high ATR as a percentage value for CETH suggests high volalility. |
| Average Directional Index/ADX (14) | 40.63 | POSITIVE | The high ADX value value for CETH suggests a strong trend. |
CETH Chart- and CandleStick Pattern Analysis
CETH Technicals: Chart, Performance Metrics, Trend & Indicators
22.81
-0.17 (-0.74%)
21SHARES CORE ETHEREUM ETF / CETH TA FAQ
What is the technical rating for CETH stock?
ChartMill assigns a technical rating of 10 / 10 to CETH.
What is the current trend direction of 21SHARES CORE ETHEREUM ETF (CETH) stock?
The current trend direction for 21SHARES CORE ETHEREUM ETF (CETH) is Bullish.
What is the RSI signal for CETH stock?
21SHARES CORE ETHEREUM ETF (CETH) has an RSI value of 60.4235. This indicates that the stock is currently neutral.
What is the MACD signal for 21SHARES CORE ETHEREUM ETF (CETH) stock?
The MACD indicator for 21SHARES CORE ETHEREUM ETF (CETH) has a value of -0.0612659, indicating a bearish trend.
What is the support and resistance level for CETH stock?
21SHARES CORE ETHEREUM ETF (CETH) has a support level at 22.19 and a resistance level at 24.16. Check the full technical report for our detailed analysis of CETH support and resistance levels.