Taking everything into account, ETHE scores 0 out of 10 in our technical rating. ETHE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, ETHE is a bad performer in the overall market: 87% of all stocks are doing better.
- ETHE 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 ETHE has a been trading in the 17.21 - 27.84 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.
- ETHE has an average volume of 7527420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ETHE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
18.55
We can see 3 important resistance areas.
- A resistance zone ranging from 24.41 to 25.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @25.57 from a trend line in the daily time frame.
- Resistance @27.54 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 ETHE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETHE is down. |
| ChartMill Relative Strength | 13.47 | NEGATIVE | ETHE has a low relative strength, it was outperformed by 86.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETHE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETHE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ETHE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 26.24 | OVERSOLD | The low RSI value suggests ETHE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests ETHE has a negative trend. |
| Stochastics (14,3) | 6.9 | OVERSOLD | The low Stochastics value suggests ETHE may be oversold. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for ETHE suggests high volalility. |
| Average Directional Index/ADX (14) | 21.63 | NEUTRAL | The ADX value for ETHE suggests a possible start of a new trend. |
18.74
-0.21 (-1.11%)
GRAYSCALE ETHEREUM STAKING E / ETHE FAQ
What is the technical rating for ETHE stock?
ChartMill assigns a technical rating of 0 / 10 to ETHE.
What is the trend direction for ETHE stock?
The current trend direction for GRAYSCALE ETHEREUM STAKING E (ETHE) is Bearish.
What is the RSI signal for ETHE stock?
GRAYSCALE ETHEREUM STAKING E (ETHE) has an RSI value of 26.2437. This indicates that the stock is currently oversold.
What is the short term momentum for GRAYSCALE ETHEREUM STAKING E (ETHE) stock?
The short term momentum for GRAYSCALE ETHEREUM STAKING E (ETHE) is negative.
What is the buy/sell signal for ETHE stock?
The buy/sell signal for GRAYSCALE ETHEREUM STAKING E (ETHE) is sell as both the short term and long term trends are negative.