PowerShares DWA NASDAQ Momentum ETF (DWAQ) Stock Technical Analysis
USA - NYSEARCA:DWAQ -
137.06
-0.21 (-0.15%)
We assign a technical rating of 10 out of 10 to DWAQ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, DWAQ is showing a nice and steady performance.
Warning: DWAQ has an average volume of 3691 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, DWAQ did better than 89% of all other stocks.
DWAQ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month DWAQ has a been trading in the 127.16 - 137.47 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although DWAQ has an excellent technical rating, it does not present a decent entry opportunity 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
113.04
138.43
We found 3 important support areas.
- A support zone ranging from 127.31 to 130.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @120.31 from a trend line in the weekly time frame.
- Support @114.18 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 DWAQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DWAQ is up. |
| ChartMill Relative Strength | 89.33 | POSITIVE | DWAQ has a high relative strength, it outperformed 89.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DWAQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DWAQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DWAQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.91 | NEUTRAL | The RSI value for DWAQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests DWAQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.04 | OVERBOUGHT | The high Stochastics value suggests DWAQ may be overbought. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for DWAQ suggests low volalility. |
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)
PowerShares DWA NASDAQ Momentum ETF
NYSEARCA:DWAQ (2/14/2020, 8:16:56 PM)
137.06
-0.21 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.15%
1 Week3.19%
2 Weeks7.51%
1 Month2.85%
3 Month22.78%
6 Month16.49%
12 Month29.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.79
ATR(20)%1.23%
ATR Inc-71.25%
Range Today1.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.33
Mansfield0.44
10 Day High137.47
10 Day Low128.8
20 Day High137.47
20 Day Low127.16
52 Week High137.47
52 Week Low103.46
CS1 End130.57
CR1 StartN/A
Volume & EV
DER(3)1.41%
DER(5)2.57%
Volume400
Volume Incr29.78%
Vol(5)6.36K
Vol(50)3.69K