GRAYSCALE ETHERM MINI TR ETF (ETH) Stock Technical Analysis
USA - NYSEARCA:ETH - US38964R2031 - ETF
37.51 USD
+1.46 (+4.05%)
37.53 USD
+0.02 (+0.05%)
Taking everything into account, ETH scores 5 out of 10 in our technical rating. In the last year, ETH was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month ETH has a been trading in the 34.95 - 44.84 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
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 6189950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
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.
ETH has an average technical rating and the quality of the presented setup is also not ideal 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
25.92
45.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 36.04 to 36.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 35.09 to 35.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.18 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @44.68 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 | DOWN | NEGATIVE | The short term trend for ETH is down. |
| ChartMill Relative Strength | 99.68 | POSITIVE | ETH has a high relative strength, it outperformed 99.68% 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 | POSITIVE | The current price of ETH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.24 | NEUTRAL | The RSI value for ETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.54 | NEGATIVE | The MACD value suggests ETH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.03 | OVERSOLD | The low Stochastics value suggests ETH may be oversold. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for ETH suggests high volalility. |
| Average Directional Index/ADX (14) | 21.57 | 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)
37.51
+1.46 (+4.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.05%
1 Week-6.39%
2 Weeks-15.76%
1 Month-3.72%
3 Month9.29%
6 Month120.65%
12 Month1516.81%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.21
ATR(20)%5.29%
ATR Inc-16.89%
Range Today1.22
ADR(20)1.6
ADR(20)%4.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.68
Mansfield2.27
10 Day High44.84
10 Day Low34.96
20 Day High44.84
20 Day Low34.96
52 Week High45.79
52 Week Low2.26
CS1 End36.04
CR1 Start44.68
Volume & EV
DER(3)-0.97%
DER(5)-2.07%
Volume5.44M
Volume Incr50.54%
Vol(5)8.87M
Vol(50)6.19M