PowerShares DWA NASDAQ Momentum ETF (DWAQ) Technical Analysis
NYSEARCA:DWAQ
Current stock price
DWAQ Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to DWAQ. Both in the recent history as in the last year, DWAQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that DWAQ is one of the better performing stocks in the market, outperforming 89% of all 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.
DWAQ Weekly and Daily overview Charts
DWAQ Setup Rating and Analysis
Although DWAQ has an excellent technical rating, it does not offer a high 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
DWAQ Support and Resistance Analysis
113.04
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.
DWAQ Technical Indicator Signal Analysis
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. |
DWAQ Chart- and CandleStick Pattern Analysis
DWAQ Technicals: Chart, Performance Metrics, Trend & Indicators
PowerShares DWA NASDAQ Momentum ETF
NYSEARCA:DWAQ (2/14/2020, 8:16:56 PM)
137.06
-0.21 (-0.15%)
PowerShares DWA NASDAQ Momentum ETF / DWAQ TA FAQ
Can you provide the ChartMill technical rating for PowerShares DWA NASDAQ Momentum ETF?
ChartMill assigns a technical rating of 9 / 10 to DWAQ.
What is the current trend direction of PowerShares DWA NASDAQ Momentum ETF (DWAQ) stock?
The current trend direction for PowerShares DWA NASDAQ Momentum ETF (DWAQ) is Bullish.
Can you provide the RSI signal for PowerShares DWA NASDAQ Momentum ETF?
PowerShares DWA NASDAQ Momentum ETF (DWAQ) has an RSI value of 66.9092. This indicates that the stock is currently neutral.
What is the MACD signal for DWAQ stock?
The MACD indicator for PowerShares DWA NASDAQ Momentum ETF (DWAQ) has a value of 0.303901, indicating a bearish trend.
What are the support and resistance levels for PowerShares DWA NASDAQ Momentum ETF (DWAQ) stock?
PowerShares DWA NASDAQ Momentum ETF (DWAQ) has a support level at 130.57. Check the full technical report for our detailed analysis of DWAQ support and resistance levels.