VelocityShares 3x Inverse Crude ETN (DWTI) Stock Technical Analysis
NYSEARCA:DWTI - NYSE Arca -
Taking everything into account, DWTI scores 0 out of 10 in our technical rating. DWTI'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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
96% of all other stocks performed better in the past year than DWTI.
DWTI is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so DWTI is lagging the market.
In the last month DWTI has a been trading in the 47.07 - 95.27 range, which is quite wide. It is currently trading near the lows of this range.
DWTI has an average volume of 4921190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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
83.77
When analyzing the resistance we notice 5 important 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. |
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)
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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.52%
1 Week-0.55%
2 Weeks-23.56%
1 Month-34.12%
3 Month-35.45%
6 Month-30.42%
12 Month-75.49%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.82
ATR(20)%14.33%
ATR Inc-55.23%
Range Today3.57
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
CRS4.52
Mansfield-6.41
10 Day High79.5
10 Day Low47.07
20 Day High95.27
20 Day Low47.07
52 Week High484.23
52 Week Low47.07
CS1 EndN/A
CR1 Start53.81
Volume & EV
DER(3)-0.35%
DER(5)2.55%
Volume3.57M
Volume Incr-11.66%
Vol(5)3.64M
Vol(50)4.92M