SPROTT COPPER MINERS ETF (COPP) Technical Analysis
NASDAQ:COPP • US85208P8813
Current stock price
COPP Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to COPP. COPP was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- When comparing the yearly performance of all stocks, we notice that COPP is one of the better performing stocks in the market, outperforming 91% of all stocks. On top of that, COPP also shows a nice and consistent pattern of rising prices.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- COPP 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 COPP is lagging the market slightly.
- In the last month COPP has a been trading in the 31.26 - 39.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
COPP Weekly and Daily overview Charts
COPP Setup Rating and Analysis
COPP has an average technical rating and it also does not offer a high quality setup 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
COPP Support and Resistance Analysis
31.22
3 important support areas can be observed.
- Support @33.29 from a trend line in the daily time frame.
- Support @32.11 from a trend line in the daily time frame.
- A support zone ranging from 31.54 to 31.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 36.21 to 36.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @44.08 from a horizontal line in the daily time frame.
COPP 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 COPP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for COPP is neutral. |
| ChartMill Relative Strength | 91.72 | POSITIVE | COPP has a high relative strength, it outperformed 91.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of COPP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of COPP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COPP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.43 | NEUTRAL | The RSI value for COPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests COPP has a positive trend. |
| Stochastics (14,3) | 79.68 | NEUTRAL | The Stochastics value for COPP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.99 | MEDIUM VOLATILITY | The ATR as a percentage value for COPP suggests some volalility. |
| Average Directional Index/ADX (14) | 28.44 | POSITIVE | The high ADX value value for COPP suggests a strong trend. |
COPP Chart- and CandleStick Pattern Analysis
COPP Technicals: Chart, Performance Metrics, Trend & Indicators
36.2
-0.41 (-1.12%)
SPROTT COPPER MINERS ETF / COPP TA FAQ
Can you provide the ChartMill technical rating for SPROTT COPPER MINERS ETF?
ChartMill assigns a technical rating of 6 / 10 to COPP.
What is the trend direction for COPP stock?
The current trend direction for SPROTT COPPER MINERS ETF (COPP) is Bearish.
What is the RSI signal for COPP stock?
SPROTT COPPER MINERS ETF (COPP) has an RSI value of 49.4263. This indicates that the stock is currently neutral.
What is the short term momentum for COPP stock?
The short term momentum for SPROTT COPPER MINERS ETF (COPP) is neutral.
Can you provide the support and resistance levels for SPROTT COPPER MINERS ETF?
SPROTT COPPER MINERS ETF (COPP) has a support level at 33.29 and a resistance level at 36.21. Check the full technical report for our detailed analysis of COPP support and resistance levels.