GRAYSCALE ETHERM MINI TR ETF (ETH) Stock Technical Analysis
USA - NYSEARCA:ETH - US38964R2031 - ETF
39.11 USD
+0.15 (+0.39%)
39.39 USD
+0.28 (+0.72%)
Overall ETH gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ETH has a been trading in the 38.85 - 44.02 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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
ETH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ETH is lagging the market slightly.
ETH has an average volume of 5512150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, ETH did better than 99% of all other stocks. We also observe that the gains produced by ETH over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 10 months ago.
ETH has an excellent technical rating, but the quality of the setup is 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
24.30
45.13
3 important support areas can be observed.
- A support zone ranging from 38.83 to 39.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.11 to 32.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.55 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @43.25 from a trend line in the daily time frame.
- A resistance zone ranging from 44.03 to 44.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ETH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETH is neutral. |
| ChartMill Relative Strength | 99.7 | POSITIVE | ETH has a high relative strength, it outperformed 99.7% 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) | UP | POSITIVE | The current price of ETH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.52 | NEUTRAL | The RSI value for ETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests ETH has a negative trend. |
| Stochastics (14,3) | 17.17 | OVERSOLD | The low Stochastics value suggests ETH may be oversold. |
| Average True Range in percent/ATR (20) | 3.95 | MEDIUM VOLATILITY | The ATR as a percentage value for ETH suggests some volalility. |
| Average Directional Index/ADX (14) | 28.19 | POSITIVE | The high ADX value value for ETH 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)
39.11
+0.15 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.39%
1 Week-7.56%
2 Weeks-3.31%
1 Month-6.12%
3 Month71.99%
6 Month121.71%
12 Month1433.73%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.51
ATR(20)%3.95%
ATR Inc23.3%
Range Today0.74
ADR(20)1.16
ADR(20)%2.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.7
Mansfield4.23
10 Day High44.02
10 Day Low38.85
20 Day High44.02
20 Day Low38.85
52 Week High45.79
52 Week Low2.18
CS1 End39.1
CR1 Start43.25
Volume & EV
DER(3)-2.14%
DER(5)-0.04%
Volume3.53M
Volume Incr-17.16%
Vol(5)4.34M
Vol(50)5.51M