RMB/USD ETN Vaneck (CNY) Technical Analysis
NYSEARCA:CNY
Current stock price
CNY Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to CNY. In the last year, CNY was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- Warning: CNY has an average volume of 1154 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month CNY has a been trading in the 40.00 - 44.80 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that CNY is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- CNY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CNY is lagging the market.
- Considerably lower volume is observed in the last couple of days.
CNY Weekly and Daily overview Charts
CNY Setup Rating and Analysis
Although the technical rating is only medium, CNY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 44.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 44.22, a Stop Loss order could be placed below this zone.
More info and screens
CNY Support and Resistance Analysis
41.47
We found 2 important support areas.
- A support zone ranging from 43.20 to 44.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.89 to 42.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 44.61 to 45.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
CNY 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 | NEUTRAL | NEUTRAL | The long term trend for CNY is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CNY is up. |
| ChartMill Relative Strength | 86.66 | POSITIVE | CNY has a high relative strength, it outperformed 86.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CNY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CNY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CNY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.65 | NEUTRAL | The RSI value for CNY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests CNY has a positive trend. |
| Stochastics (14,3) | 79.65 | NEUTRAL | The Stochastics value for CNY is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CNY suggests some volalility. |
CNY Chart- and CandleStick Pattern Analysis
CNY Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:CNY (3/30/2020, 8:04:06 PM)
44.25
+0.6 (+1.37%)
RMB/USD ETN Vaneck / CNY TA FAQ
Can you provide the ChartMill technical rating for RMB/USD ETN Vaneck?
ChartMill assigns a technical rating of 5 / 10 to CNY.
What is the current trend direction of RMB/USD ETN Vaneck (CNY) stock?
The current trend direction for RMB/USD ETN Vaneck (CNY) is Bearish.
What is the RSI signal for RMB/USD ETN Vaneck (CNY) stock?
RMB/USD ETN Vaneck (CNY) has an RSI value of 56.6473. This indicates that the stock is currently neutral.
What is the short term momentum for CNY stock?
The short term momentum for RMB/USD ETN Vaneck (CNY) is positive.