INDEXIQ ETF TRUST IQ U.S. SM (CSML) Stock Technical Analysis
NASDAQ:CSML - Nasdaq - US45409B3969 - ETF - Currency: USD
Taking everything into account, CSML scores 2 out of 10 in our technical rating. In the last year, CSML was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month CSML has a been trading in the 34.33 - 37.30 range, which is quite wide. It is currently trading near the lows of this range.
CSML is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CSML is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the performance of all stocks over the past year, CSML turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
Considerably lower volume is observed in the last couple of days.
CSML has a poor technical rating and the quality of the setup is also not perfect 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
29.12
37.68
2 important support areas can be observed.
- A support zone ranging from 34.34 to 34.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.41 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 35.11 to 35.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @36.68 from a horizontal line in the daily time frame.
- A resistance zone ranging from 37.31 to 37.31. This zone is formed by a combination of multiple trend lines 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 CSML is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CSML is down. |
| ChartMill Relative Strength | 55.8 | NEUTRAL | CSML is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CSML is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CSML is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CSML is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.29 | NEUTRAL | The RSI value for CSML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CSML has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.72 | OVERSOLD | The low Stochastics value suggests CSML may be oversold. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for CSML suggests low volalility. |
| Average Directional Index/ADX (14) | 20.08 | NEUTRAL | The ADX value for CSML suggests a possible start of a new 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)
NASDAQ:CSML (4/22/2024, 8:00:01 PM)
34.9484
+0.24 (+0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.71%
1 Week0.27%
2 Weeks-4.08%
1 Month-4.11%
3 Month-1.71%
6 Month20.55%
12 Month13.81%
2 Year9.91%
3 Year-0.25%
5 Year36.09%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%1.28%
ATR Inc-15.41%
Range Today0.36
ADR(20)0.33
ADR(20)%0.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.8
Mansfield-0.3
10 Day High36.65
10 Day Low34.33
20 Day High37.3
20 Day Low34.33
52 Week High37.3
52 Week Low28.95
CS1 End34.7
CR1 Start35.11
Volume & EV
DER(3)2.15%
DER(5)1.61%
Volume14.60K
Volume Incr-89.76%
Vol(5)8.58K
Vol(50)38.13K