GRAYSCALE ETHERM MINI TR ETF (ETH) Stock Technical Analysis
NYSEARCA:ETH - NYSE Arca - US38964R2031 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to ETH. ETH has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
100% of all other stocks performed better in the past year than ETH.
Both the short term and long term trends are positive. This is a very positive sign.
ETH is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
ETH has an average volume of 1892010 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ETH has an average technical rating and also 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
17.10
26.18
We found 3 important support areas.
- Support @23.59 from a horizontal line in the daily time frame.
- Support @18.87 from a trend line in the daily time frame.
- Support @17.27 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 24.44 to 24.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.35 from a horizontal line in the daily time frame.
- Resistance @25.92 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 | UP | POSITIVE | The short term trend for ETH is up. |
| 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) | 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) | 66 | NEUTRAL | The RSI value for ETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests ETH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.93 | OVERBOUGHT | The high Stochastics value suggests ETH may be overbought. |
| Average True Range in percent/ATR (20) | 5.19 | HIGH VOLATILITY | The high ATR as a percentage value for ETH suggests high volalility. |
| Average Directional Index/ADX (14) | 31.4 | 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)
24.15
-0.69 (-2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.78%
1 Week-1.19%
2 Weeks9.87%
1 Month42.06%
3 Month-2.54%
6 Month-22.22%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.55
ATR(20)%5.19%
ATR Inc-16.1%
Range Today0.41
ADR(20)0.82
ADR(20)%3.41%
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 High25.81
10 Day Low22.59
20 Day High25.81
20 Day Low16.32
52 Week HighN/A
52 Week LowN/A
CS1 End23.59
CR1 Start24.44
Volume & EV
DER(3)-1.09%
DER(5)0.1%
Volume1.61M
Volume Incr0.42%
Vol(5)2.17M
Vol(50)1.89M