LEVERAGE SHARES 2X CRM (CRMG) Stock Technical Analysis
NASDAQ:CRMG - Nasdaq - US8829273387 - ETF - Currency: USD
Overall CRMG gets a technical rating of 1 out of 10. CRMG performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, CRMG is a bad performer in the overall market: 100% of all stocks are doing better.
In the last month CRMG has a been trading in the 13.01 - 16.04 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
The technical rating of CRMG is bad and it also does not present a 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
12.89
16.67
When analyzing the support we notice one important area.
- A support zone ranging from 13.02 to 13.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 15.18 to 15.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @16.50 from a horizontal line in the daily 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 CRMG is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CRMG is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | CRMG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CRMG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CRMG is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 33.13 | NEUTRAL | The RSI value for CRMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests CRMG has a negative trend. |
| Stochastics (14,3) | 4.94 | OVERSOLD | The low Stochastics value suggests CRMG may be oversold. |
| Average True Range in percent/ATR (20) | 3.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CRMG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.26 | NEGATIVE | The low ADX value for CRMG suggests a weak or negative 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)
13.2012
+0.18 (+1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.36%
1 Week-12.03%
2 Weeks-13.91%
1 Month-16.76%
3 Month-21.64%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%3.87%
ATR Inc-8.39%
Range Today0.24
ADR(20)0.46
ADR(20)%3.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High16.04
10 Day Low13.01
20 Day High16.04
20 Day Low13.01
52 Week HighN/A
52 Week LowN/A
CS1 End13.19
CR1 Start15.18
Volume & EV
DER(3)-0.78%
DER(5)-3.23%
Volume26.80K
Volume Incr-0.33%
Vol(5)54.60K
Vol(50)59.43K