GRAYSCALE ETHEREUM STAKING M (ETH) Stock Technical Analysis
NYSEARCA:ETH • US38964R2031
Taking everything into account, ETH scores 0 out of 10 in our technical rating. ETH 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 88% of all other stocks performed better in the past year than ETH.
- ETH is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ETH has a been trading in the 17.24 - 28.70 range, which is quite wide. It is currently trading near the lows of this range.
- ETH has an average volume of 9868400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ETH has a poor technical rating and the quality of the setup is also only medium 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
18.45
When analyzing the resistance we notice 4 important areas.
- Resistance @19.35 from a horizontal line in the daily time frame.
- A resistance zone ranging from 27.45 to 27.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.50 from a trend line in the daily time frame.
- Resistance @31.66 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 | DOWN | NEGATIVE | The long term trend for ETH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETH is down. |
| ChartMill Relative Strength | 12.16 | NEGATIVE | ETH has a low relative strength, it was outperformed by 87.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ETH is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.96 | NEUTRAL | The RSI value for ETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests ETH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.72 | OVERSOLD | The low Stochastics value suggests ETH may be oversold. |
| Average True Range in percent/ATR (20) | 7.92 | HIGH VOLATILITY | The high ATR as a percentage value for ETH suggests high volalility. |
| Average Directional Index/ADX (14) | 41.21 | POSITIVE | The high ADX value value for ETH suggests a strong trend. |
18.64
+0.19 (+1.03%)
GRAYSCALE ETHEREUM STAKING M / ETH FAQ
What is the ChartMill technical rating of GRAYSCALE ETHEREUM STAKING M (ETH) stock?
ChartMill assigns a technical rating of 0 / 10 to ETH.
What is the trend direction for ETH stock?
The current trend direction for GRAYSCALE ETHEREUM STAKING M (ETH) is Bearish.
What is the RSI signal for ETH stock?
GRAYSCALE ETHEREUM STAKING M (ETH) has an RSI value of 32.9562. This indicates that the stock is currently neutral.
What is the MACD signal for ETH stock?
The MACD indicator for GRAYSCALE ETHEREUM STAKING M (ETH) has a value of -0.0513569, indicating a bearish trend.
What is the short term momentum for ETH stock?
The short term momentum for GRAYSCALE ETHEREUM STAKING M (ETH) is negative.