21SHARES CORE ETHEREUM ETF (CETH) Stock Technical Analysis
NYSEARCA:CETH - NYSE Arca - US04071F1021 - ETF - Currency: USD
Taking everything into account, CETH scores 9 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.
Both the short term and long term trends are positive. This is a very positive sign.
CETH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CETH is lagging the market slightly.
In the last month CETH has a been trading in the 11.95 - 19.30 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, CETH did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CETH has an excellent technical rating, but the quality of the setup is only medium 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
13.35
18.39
When analyzing the support we notice one important area.
- Support @13.48 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @18.21 from a horizontal line in the weekly 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 | 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 | 92.87 | POSITIVE | CETH has a high relative strength, it outperformed 92.87% 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) | 71.08 | OVERBOUGHT | The high RSI value suggests CETH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests CETH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.76 | OVERBOUGHT | The high Stochastics value suggests CETH may be overbought. |
| Average True Range in percent/ATR (20) | 4.03 | MEDIUM VOLATILITY | The ATR as a percentage value for CETH suggests some volalility. |
| Average Directional Index/ADX (14) | 36.95 | 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)
18.2
-0.5 (-2.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.65%
1 Week2.42%
2 Weeks20.85%
1 Month49.43%
3 Month101.66%
6 Month9.18%
12 Month11.11%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%4.03%
ATR Inc5.31%
Range Today0.58
ADR(20)0.54
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.87
Mansfield2.39
10 Day High19.3
10 Day Low14.84
20 Day High19.3
20 Day Low11.95
52 Week High20.58
52 Week Low7.27
CS1 End13.48
CR1 Start18.21
Volume & EV
DER(3)-3.99%
DER(5)-2.27%
Volume491.10K
Volume Incr3.79%
Vol(5)667.12K
Vol(50)589.63K