GRAYSCALE ETHERM MINI TR ETF (ETH) Stock Technical Analysis
NYSEARCA:ETH - US38964R2031 - ETF
41.84 USD
-1.17 (-2.72%)
42.5499 USD
+0.71 (+1.7%)
Taking everything into account, ETH scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ETH has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
ETH is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month ETH has a been trading in the 32.96 - 45.78 range, which is quite wide. It is currently trading near the high of this range.
ETH has an average volume of 4926120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that ETH is one of the better performing stocks in the market, outperforming 99% of all 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.
Volume is considerably higher in the last couple of days.
Although ETH has an excellent technical rating, it does not present a decent entry opportunity 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
22.69
46.03
When analyzing the support we can see 3 important areas.
- Support @38.93 from a horizontal line in the daily time frame.
- A support zone ranging from 29.28 to 29.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.92 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @41.90 from a trend line in the daily time frame.
- A resistance zone ranging from 45.57 to 45.57. 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 | UP | POSITIVE | The short term trend for ETH is up. |
| ChartMill Relative Strength | 99.84 | POSITIVE | ETH has a high relative strength, it outperformed 99.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETH is above the rising 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) | 57.41 | NEUTRAL | The RSI value for ETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests ETH has a negative trend. |
| Stochastics (14,3) | 63.12 | NEUTRAL | The Stochastics value for ETH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for ETH suggests high volalility. |
| Average Directional Index/ADX (14) | 40.26 | 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)
41.84
-1.17 (-2.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.72%
1 Week5.23%
2 Weeks-2.2%
1 Month18.97%
3 Month72.61%
6 Month100%
12 Month1672.88%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.43
ATR(20)%5.3%
ATR Inc-42%
Range Today1.67
ADR(20)1.82
ADR(20)%4.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.84
Mansfield7.46
10 Day High45.79
10 Day Low38.66
20 Day High45.79
20 Day Low32.96
52 Week High45.79
52 Week Low2.08
CS1 End38.93
CR1 Start41.9
Volume & EV
DER(3)-0.9%
DER(5)-0.06%
Volume4.18M
Volume Incr23.98%
Vol(5)7.02M
Vol(50)4.93M