21SHARES CORE ETHEREUM ETF (CETH) Stock Technical Analysis
USA - NYSEARCA:CETH - US04071F1021 - ETF
22.81 USD
-0.17 (-0.74%)
22.49 USD
-0.32 (-1.4%)
Taking everything into account, CETH scores 10 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
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.
Although CETH has an excellent technical rating, it does not present a decent entry opportunity 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
15.24
24.40
3 important support areas can be observed.
- 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.
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. |
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)
22.81
-0.17 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.74%
1 Week5.02%
2 Weeks-3.71%
1 Month21.33%
3 Month77.3%
6 Month105.87%
12 Month82.04%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.29
ATR(20)%5%
ATR Inc-41.33%
Range Today0.62
ADR(20)0.93
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.13
Mansfield4.75
10 Day High24.27
10 Day Low20.51
20 Day High24.27
20 Day Low17.51
52 Week High24.27
52 Week Low7.27
CS1 End22.19
CR1 Start24.16
Volume & EV
DER(3)1.72%
DER(5)4.02%
Volume456.00K
Volume Incr39.03%
Vol(5)1.55M
Vol(50)927.63K