ISHARES ETHEREUM TRUST ETF (ETHA) Stock Technical Analysis
NASDAQ:ETHA - Nasdaq - US46438R1059 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to ETHA. ETHA performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, ETHA is a bad performer in the overall market: 100% of all stocks are doing better.
In the last month ETHA has a been trading in the 18.55 - 21.81 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.
ETHA has an average volume of 14562600 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, ETHA 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 18.81, a Stop Loss order could be placed below this zone.
More info and screens
17.17
21.52
2 important support areas can be observed.
- A support zone ranging from 18.81 to 18.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.34 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @18.94 from a horizontal line in the daily time frame.
- A resistance zone ranging from 19.65 to 19.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.85 to 20.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @21.31 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 ETHA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETHA is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | ETHA 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 ETHA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETHA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ETHA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.7 | NEUTRAL | The RSI value for ETHA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests ETHA has a negative trend. |
| Stochastics (14,3) | 24.11 | NEUTRAL | The Stochastics value for ETHA is a neutral value. |
| Average True Range in percent/ATR (20) | 5 | MEDIUM VOLATILITY | The ATR as a percentage value for ETHA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.95 | NEUTRAL | The ADX value for ETHA 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)
18.88
-0.26 (-1.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.36%
1 Week-11.4%
2 Weeks-5.03%
1 Month-0.32%
3 Month26.46%
6 Month-27.64%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.95
ATR(20)%5%
ATR Inc21.01%
Range Today0.54
ADR(20)0.64
ADR(20)%3.37%
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 High21.81
10 Day Low18.57
20 Day High21.81
20 Day Low18.55
52 Week HighN/A
52 Week LowN/A
CS1 End18.81
CR1 Start18.94
Volume & EV
DER(3)-5.44%
DER(5)-5.53%
Volume13.06M
Volume Incr1.25%
Vol(5)15.87M
Vol(50)14.56M