DIRXN DLY CSI CII B2X ETF-UI (CWEB) Technical Analysis
NYSEARCA:CWEB • US25460G1875
Overall CWEB gets a technical rating of 0 out of 10. CWEB'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CWEB is a bad performer in the overall market: 90% of all stocks are doing better.
- CWEB is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CWEB is lagging the market.
- In the last month CWEB has a been trading in the 28.53 - 37.13 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of CWEB 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
29.43
We found 1 important support area.
- Support @29.73 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 30.53 to 30.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.27 from a horizontal line in the daily time frame.
- Resistance @41.42 from a trend 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 | DOWN | NEGATIVE | The long term trend for CWEB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CWEB is down. |
| ChartMill Relative Strength | 10.36 | NEGATIVE | CWEB has a low relative strength, it was outperformed by 89.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CWEB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CWEB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CWEB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.62 | NEUTRAL | The RSI value for CWEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests CWEB has a positive trend. |
| Stochastics (14,3) | 27.72 | NEUTRAL | The Stochastics value for CWEB is a neutral value. |
| Average True Range in percent/ATR (20) | 4.79 | MEDIUM VOLATILITY | The ATR as a percentage value for CWEB suggests some volalility. |
| Average Directional Index/ADX (14) | 41.39 | POSITIVE | The high ADX value value for CWEB suggests a strong trend. |
CWEB Technicals: Chart, Performance Metrics, Trend & Indicators
30.52
+0.26 (+0.86%)
DIRXN DLY CSI CII B2X ETF-UI / CWEB FAQ
What is the technical rating for CWEB stock?
ChartMill assigns a technical rating of 0 / 10 to CWEB.
Can you provide the trend direction for DIRXN DLY CSI CII B2X ETF-UI?
The current trend direction for DIRXN DLY CSI CII B2X ETF-UI (CWEB) is Bearish.
Can you provide the RSI signal for DIRXN DLY CSI CII B2X ETF-UI?
DIRXN DLY CSI CII B2X ETF-UI (CWEB) has an RSI value of 33.624. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DIRXN DLY CSI CII B2X ETF-UI?
The short term momentum for DIRXN DLY CSI CII B2X ETF-UI (CWEB) is negative.
Can you provide the support and resistance levels for DIRXN DLY CSI CII B2X ETF-UI?
DIRXN DLY CSI CII B2X ETF-UI (CWEB) has a support level at 29.73 and a resistance level at 30.53. Check the full technical report for our detailed analysis of CWEB support and resistance levels.