GRAYSCALE ETHERM MINI TR ETF (ETH) Stock Technical Analysis
NYSEARCA:ETH - NYSE Arca - US38964R2031 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to ETH. In the last year, ETH was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
100% of all other stocks performed better in the past year than ETH.
In the last month ETH has a been trading in the 23.11 - 27.14 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 short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ETH has an average volume of 2009190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is only medium, ETH does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 23.42, a Stop Loss order could be placed below this zone.
More info and screens
18.94
26.79
We found 3 important support areas.
- A support zone ranging from 23.42 to 23.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.58 from a trend line in the daily time frame.
- Support @19.13 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @23.59 from a horizontal line in the daily time frame.
- A resistance zone ranging from 24.44 to 24.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.92 to 26.03. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @26.52 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 ETH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETH is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | ETH 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 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) | 49.74 | NEUTRAL | The RSI value for ETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.35 | NEGATIVE | The MACD value suggests ETH has a negative trend. |
| Stochastics (14,3) | 24.06 | NEUTRAL | The Stochastics value for ETH is a neutral value. |
| Average True Range in percent/ATR (20) | 4.94 | MEDIUM VOLATILITY | The ATR as a percentage value for ETH suggests some volalility. |
| Average Directional Index/ADX (14) | 22.99 | NEUTRAL | The ADX value for ETH suggests a possible start of a new 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)
23.5
-0.33 (-1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.38%
1 Week-11.39%
2 Weeks-4.97%
1 Month-0.38%
3 Month26.41%
6 Month-27.51%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.18
ATR(20)%4.94%
ATR Inc22.05%
Range Today0.69
ADR(20)0.77
ADR(20)%3.29%
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 High27.14
10 Day Low23.12
20 Day High27.14
20 Day Low23.11
52 Week HighN/A
52 Week LowN/A
CS1 End23.42
CR1 Start23.59
Volume & EV
DER(3)-1.48%
DER(5)-2.07%
Volume1.34M
Volume Incr-5.34%
Vol(5)1.83M
Vol(50)2.01M