ISHARES ETHEREUM TRUST ETF (ETHA) Stock Technical Analysis
NASDAQ:ETHA - Nasdaq - US46438R1059 - ETF - Currency: USD
Taking everything into account, ETHA scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, ETHA has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
ETHA 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 ETHA is lagging the market slightly.
In the last month ETHA has a been trading in the 18.08 - 29.25 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
ETHA has an average volume of 24748200 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 ETHA is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ETHA 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
20.08
27.45
When analyzing the support we notice one important area.
- A support zone ranging from 20.28 to 20.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @27.18 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for ETHA is up. |
| ChartMill Relative Strength | 92.25 | POSITIVE | ETHA has a high relative strength, it outperformed 92.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETHA is above the rising 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) | UP | POSITIVE | The current price of ETHA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.44 | OVERBOUGHT | The high RSI value suggests ETHA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests ETHA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.91 | OVERBOUGHT | The high Stochastics value suggests ETHA may be overbought. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for ETHA suggests some volalility. |
| Average Directional Index/ADX (14) | 34.17 | POSITIVE | The high ADX value value for ETHA 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)
27.17
-0.64 (-2.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.3%
1 Week6.01%
2 Weeks29.57%
1 Month47.26%
3 Month98.76%
6 Month7.6%
12 Month9.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.17
ATR(20)%3.86%
ATR Inc-21.74%
Range Today0.87
ADR(20)0.79
ADR(20)%2.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.25
Mansfield2.27
10 Day High29.26
10 Day Low20.89
20 Day High29.26
20 Day Low18.08
52 Week High31.18
52 Week Low10.99
CS1 End20.56
CR1 Start27.18
Volume & EV
DER(3)-3.11%
DER(5)-3.09%
Volume39.95M
Volume Incr119.06%
Vol(5)59.29M
Vol(50)24.75M