GRAYSCALE ETHER COV CALL ETF (ETCO) Stock Technical Analysis
USA - NYSEARCA:ETCO - US38963H6027 - ETF
28.7782 USD
-1.7 (-5.59%)
27.5 USD
-1.28 (-4.44%)
We assign a technical rating of 3 out of 10 to ETCO. In the last year, ETCO was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, ETCO is a bad performer in the overall market: 100% of all stocks are doing better.
In the last month ETCO has a been trading in the 28.52 - 39.77 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long and short term trends are both positive. This is looking good!
The technical rating of ETCO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
28.49
32.54
When analyzing the resistance we notice 2 important areas.
- Resistance @30.55 from a trend line in the daily time frame.
- Resistance @32.22 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 ETCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETCO is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ETCO has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETCO is below a declining SMA(20). |
| Relative Strength Index/RSI (14) | 26.39 | OVERSOLD | The low RSI value suggests ETCO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.57 | NEGATIVE | The MACD value suggests ETCO has a negative trend. |
| Stochastics (14,3) | 7.97 | OVERSOLD | The low Stochastics value suggests ETCO may be oversold. |
| Average True Range in percent/ATR (20) | 4.47 | MEDIUM VOLATILITY | The ATR as a percentage value for ETCO suggests some volalility. |
| Average Directional Index/ADX (14) | 29.1 | POSITIVE | The high ADX value value for ETCO suggests a strong trend. |
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)
28.7782
-1.7 (-5.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.59%
1 Week-7.84%
2 Weeks-11.82%
1 Month-20.92%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%4.47%
ATR Inc93.92%
Range Today2.23
ADR(20)1.07
ADR(20)%3.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High32.3
10 Day Low28.52
20 Day High39.77
20 Day Low28.52
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start30.55
Volume & EV
DER(3)-13.4%
DER(5)-9.49%
Volume29.40K
Volume Incr8.16%
Vol(5)17.48K
Vol(50)N/A