ISHARES ETHEREUM TRUST ETF (ETHA) Stock Technical Analysis
NASDAQ:ETHA • US46438R1059
Taking everything into account, ETHA scores 0 out of 10 in our technical rating. ETHA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 89% of all other stocks performed better in the past year than ETHA.
- ETHA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ETHA has a been trading in the 13.77 - 25.08 range, which is quite wide. It is currently trading near the lows of this range.
- ETHA has an average volume of 45385600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ETHA is bad and it also does not present a quality setup 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
15.28
When analyzing the support we notice one important area.
- Support @15.43 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 15.45 to 15.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.49 to 22.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.19 from a trend line in the daily time frame.
- Resistance @25.39 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 | DOWN | NEGATIVE | The long term trend for ETHA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETHA is down. |
| ChartMill Relative Strength | 11.95 | NEGATIVE | ETHA has a low relative strength, it was outperformed by 88.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETHA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETHA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ETHA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.67 | NEUTRAL | The RSI value for ETHA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests ETHA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.13 | OVERSOLD | The low Stochastics value suggests ETHA may be oversold. |
| Average True Range in percent/ATR (20) | 8.69 | HIGH VOLATILITY | The high ATR as a percentage value for ETHA suggests high volalility. |
| Average Directional Index/ADX (14) | 37.94 | POSITIVE | The high ADX value value for ETHA suggests a strong trend. |
15.44
+0.98 (+6.78%)
ISHARES ETHEREUM TRUST ETF / ETHA FAQ
What is the technical rating for ETHA stock?
ChartMill assigns a technical rating of 0 / 10 to ETHA.
What is the trend direction for ETHA stock?
The current trend direction for ISHARES ETHEREUM TRUST ETF (ETHA) is Bearish.
What is the RSI signal for ISHARES ETHEREUM TRUST ETF (ETHA) stock?
ISHARES ETHEREUM TRUST ETF (ETHA) has an RSI value of 33.6722. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ISHARES ETHEREUM TRUST ETF?
The MACD indicator for ISHARES ETHEREUM TRUST ETF (ETHA) has a value of -0.378553, indicating a bearish trend.
Can you provide the support and resistance levels for ISHARES ETHEREUM TRUST ETF?
ISHARES ETHEREUM TRUST ETF (ETHA) has a support level at 15.43 and a resistance level at 15.45. Check the full technical report for our detailed analysis of ETHA support and resistance levels.