DEFIANCE D T 2X LONG CVN ETF (CVNX) Stock Technical Analysis
NASDAQ:CVNX • US88636R2141
Overall CVNX gets a technical rating of 0 out of 10. CVNX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- When comparing the yearly performance of all stocks, CVNX is a bad performer in the overall market: 100% of all stocks are doing better.
- In the last month CVNX has a been trading in the 13.00 - 33.45 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of CVNX 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.
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14.84
When analyzing the resistance we notice one important area.
- Resistance @32.94 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 | NEUTRAL | NEUTRAL | The long term trend for CVNX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CVNX is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | CVNX 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 CVNX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CVNX is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 33.78 | NEUTRAL | The RSI value for CVNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.67 | NEGATIVE | The MACD value suggests CVNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.07 | OVERSOLD | The low Stochastics value suggests CVNX may be oversold. |
| Average True Range in percent/ATR (20) | 23.98 | HIGH VOLATILITY | The high ATR as a percentage value for CVNX suggests high volalility. |
| Average Directional Index/ADX (14) | 38.41 | POSITIVE | The high ADX value value for CVNX suggests a strong trend. |
14.9893
+0.36 (+2.46%)
DEFIANCE D T 2X LONG CVN ETF / CVNX FAQ
What is the ChartMill technical rating of DEFIANCE D T 2X LONG CVN ETF (CVNX) stock?
ChartMill assigns a technical rating of 0 / 10 to CVNX.
Can you provide the trend direction for DEFIANCE D T 2X LONG CVN ETF?
The current trend direction for DEFIANCE D T 2X LONG CVN ETF (CVNX) is Bearish.
Can you provide the RSI signal for DEFIANCE D T 2X LONG CVN ETF?
DEFIANCE D T 2X LONG CVN ETF (CVNX) has an RSI value of 33.7794. This indicates that the stock is currently neutral.
What is the MACD signal for DEFIANCE D T 2X LONG CVN ETF (CVNX) stock?
The MACD indicator for DEFIANCE D T 2X LONG CVN ETF (CVNX) has a value of -0.66772, indicating a bearish trend.
What are the support and resistance levels for DEFIANCE D T 2X LONG CVN ETF (CVNX) stock?
DEFIANCE D T 2X LONG CVN ETF (CVNX) has a resistance level at 32.94. Check the full technical report for our detailed analysis of CVNX support and resistance levels.