ROUNDHILL GEN AI & TECH ETF (CHAT) Stock Technical Analysis
NYSEARCA:CHAT - NYSE Arca - US88636J6001 - ETF - Currency: USD
Taking everything into account, CHAT 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, CHAT is showing a nice and steady performance.
Besides having an excellent technical rating, CHAT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 48.37. Right above this resistance zone may be a good entry point.
More info and screens
31.56
When analyzing the support we can see 2 important areas.
- Support @41.47 from a horizontal line in the daily time frame.
- A support zone ranging from 31.88 to 32.18. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 48.37 to 48.79. This zone is formed by a combination of multiple trend lines and important moving averages 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 CHAT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHAT is up. |
| ChartMill Relative Strength | 87.5 | POSITIVE | CHAT has a high relative strength, it outperformed 87.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.96 | NEUTRAL | The RSI value for CHAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests CHAT has a negative trend. |
| Stochastics (14,3) | 83.83 | OVERBOUGHT | The high Stochastics value suggests CHAT may be overbought. |
| Average True Range in percent/ATR (20) | 1.68 | LOW VOLATILITY | The low ATR as a percentage value for CHAT suggests low volalility. |
| Average Directional Index/ADX (14) | 35.01 | POSITIVE | The high ADX value value for CHAT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 48.80 | 47.58 | 1.22 (2.50%) | 25.00% |
| An entry @48.80. This is a Buy Stop order right above the resistance zone. | An exit @47.58. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.22 points, which is 2.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.62%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
48.16
-0.33 (-0.68%)