Taking everything into account, DWTI scores 0 out of 10 in our technical rating. DWTI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of DWTI 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
50.32
We can see 5 important resistance areas.
- Resistance @53.81 from a horizontal line in the daily time frame.
- Resistance @63.76 from a trend line in the weekly time frame.
- A resistance zone ranging from 69.34 to 70.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @79.65 from a trend line in the daily time frame.
- Resistance @82.94 from a trend line in the weekly 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 DWTI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DWTI is down. |
| ChartMill Relative Strength | 4.52 | NEGATIVE | DWTI has a low relative strength, it was outperformed by 95.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DWTI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DWTI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DWTI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.22 | NEUTRAL | The RSI value for DWTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.3 | NEGATIVE | The MACD value suggests DWTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.2 | OVERSOLD | The low Stochastics value suggests DWTI may be oversold. |
| Average True Range in percent/ATR (20) | 14.33 | HIGH VOLATILITY | The high ATR as a percentage value for DWTI suggests high volalility. |
VelocityShares 3x Inverse Crude ETN
NYSEARCA:DWTI (12/8/2016, 8:43:28 PM)
After market: 50.39 -0.44 (-0.87%)50.83
-2.97 (-5.52%)
VelocityShares 3x Inverse Crude ETN / DWTI FAQ
What is the technical rating for DWTI stock?
ChartMill assigns a technical rating of 0 / 10 to DWTI.
What is the trend direction for DWTI stock?
The current trend direction for VelocityShares 3x Inverse Crude ETN (DWTI) is Bearish.
What is the RSI signal for DWTI stock?
VelocityShares 3x Inverse Crude ETN (DWTI) has an RSI value of 38.2243. This indicates that the stock is currently neutral.
What is the short term momentum for VelocityShares 3x Inverse Crude ETN (DWTI) stock?
The short term momentum for VelocityShares 3x Inverse Crude ETN (DWTI) is negative.
What are the support and resistance levels for VelocityShares 3x Inverse Crude ETN (DWTI) stock?
VelocityShares 3x Inverse Crude ETN (DWTI) has a resistance level at 53.81. Check the full technical report for our detailed analysis of DWTI support and resistance levels.