ETHQ Technical Analysis - 3IQ ETHER STAKING ETF

Technical Rating and Analysis

Taking everything into account, ETHQ scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month ETHQ has a been trading in the 20.98 - 25.25 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.

Warning: ETHQ has an average volume of 21748 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Looking at the yearly performance, ETHQ did better than 84% of all other stocks.

ETHQ 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 ETHQ is lagging the market slightly.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

3IQ ETHER STAKING ETF / ETHQ Weekly stock chart

3IQ ETHER STAKING ETF / ETHQ Daily stock chart

Setup Rating and Analysis

Although ETHQ has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

17.72

25.50

3 important support areas can be observed.

A support zone ranging from 21.33 to 21.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @18.24 from a trend line in the weekly time frame.
Support @17.90 from a trend line in the daily time frame.

We can see 2 important resistance areas.

Resistance @24.56 from a trend line in the daily time frame.
A resistance zone ranging from 25.25 to 25.25. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 ETHQ.CA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ETHQ.CA is down.
ChartMill Relative Strength	84.94	POSITIVE	ETHQ.CA has a high relative strength, it outperformed 84.94% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ETHQ.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ETHQ.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ETHQ.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	44.29	NEUTRAL	The RSI value for ETHQ.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.41	NEGATIVE	The MACD value suggests ETHQ.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	14.93	OVERSOLD	The low Stochastics value suggests ETHQ.CA may be oversold.
Average True Range in percent/ATR (20)	3.76	MEDIUM VOLATILITY	The ATR as a percentage value for ETHQ.CA suggests some volalility.
Average Directional Index/ADX (14)	25.45	POSITIVE	The high ADX value value for ETHQ.CA suggests a strong trend.