THEMES COPPER MINERS ETF (COPA) Technical Analysis
NYSEARCA:COPA • US8829277834
Current stock price
COPA Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to COPA. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month COPA has a been trading in the 44.16 - 55.01 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: COPA has an average volume of 11878 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Looking at the yearly performance, COPA did better than 91% of all other stocks. We also observe that the gains produced by COPA over the past year are nicely spread over this period.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- COPA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so COPA is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
COPA Weekly and Daily overview Charts
COPA Setup Rating and Analysis
Although COPA 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
COPA Support and Resistance Analysis
38.59
2 important support areas can be observed.
- A support zone ranging from 42.89 to 43.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @38.98 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 48.17 to 48.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @54.81 from a horizontal line in the daily time frame.
COPA 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 COPA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COPA is down. |
| ChartMill Relative Strength | 91.5 | POSITIVE | COPA has a high relative strength, it outperformed 91.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COPA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of COPA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COPA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.68 | NEUTRAL | The RSI value for COPA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.87 | NEGATIVE | The MACD value suggests COPA has a negative trend. |
| Stochastics (14,3) | 16.63 | OVERSOLD | The low Stochastics value suggests COPA may be oversold. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for COPA suggests some volalility. |
| Average Directional Index/ADX (14) | 23.71 | NEUTRAL | The ADX value for COPA suggests a possible start of a new trend. |
COPA Chart- and CandleStick Pattern Analysis
COPA Technicals: Chart, Performance Metrics, Trend & Indicators
44.2
-2.12 (-4.58%)
THEMES COPPER MINERS ETF / COPA TA FAQ
What is the ChartMill technical rating of THEMES COPPER MINERS ETF (COPA) stock?
ChartMill assigns a technical rating of 7 / 10 to COPA.
Can you provide the trend direction for THEMES COPPER MINERS ETF?
The current trend direction for THEMES COPPER MINERS ETF (COPA) is Bullish.
Can you provide the RSI signal for THEMES COPPER MINERS ETF?
THEMES COPPER MINERS ETF (COPA) has an RSI value of 35.6771. This indicates that the stock is currently neutral.
What is the MACD signal for COPA stock?
The MACD indicator for THEMES COPPER MINERS ETF (COPA) has a value of -0.870703, indicating a bearish trend.
What is the short term momentum for COPA stock?
The short term momentum for THEMES COPPER MINERS ETF (COPA) is negative.