2X ETHER ETF (ETHU) Technical Analysis
NYSEARCA:ETHU • US92864M7983
Current stock price
ETHU Technical Rating and Analysis
Taking everything into account, ETHU scores 3 out of 10 in our technical rating. In the past year, ETHU was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 91% of all other stocks performed better in the past year than ETHU.
- ETHU is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ETHU has a been trading in the 21.41 - 30.62 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- ETHU has an average volume of 6605310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
ETHU Weekly and Daily overview Charts
ETHU Setup Rating and Analysis
ETHU has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.71. Right above this resistance zone may be a good entry point.
More info and screens
ETHU Support and Resistance Analysis
21.38
When analyzing the support we can see 2 important areas.
- Support @24.71 from a horizontal line in the daily time frame.
- Support @21.60 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 29.71 to 30.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ETHU 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 | DOWN | NEGATIVE | The long term trend for ETHU is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETHU is neutral. |
| ChartMill Relative Strength | 9.6 | NEGATIVE | ETHU has a low relative strength, it was outperformed by 90.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETHU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETHU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ETHU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.63 | NEUTRAL | The RSI value for ETHU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests ETHU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.45 | NEUTRAL | The Stochastics value for ETHU is a neutral value. |
| Average True Range in percent/ATR (20) | 7.72 | HIGH VOLATILITY | The high ATR as a percentage value for ETHU suggests high volalility. |
| Average Directional Index/ADX (14) | 9.16 | NEGATIVE | The low ADX value for ETHU suggests a weak or negative trend. |
ETHU Chart- and CandleStick Pattern Analysis
ETHU Technicals: Chart, Performance Metrics, Trend & Indicators
26.38
+1.02 (+4.02%)
2X ETHER ETF / ETHU TA FAQ
Can you provide the ChartMill technical rating for 2X ETHER ETF?
ChartMill assigns a technical rating of 3 / 10 to ETHU.
What is the trend direction for ETHU stock?
The current trend direction for 2X ETHER ETF (ETHU) is Bearish.
What is the RSI signal for 2X ETHER ETF (ETHU) stock?
2X ETHER ETF (ETHU) has an RSI value of 51.6259. This indicates that the stock is currently neutral.
What is the MACD signal for ETHU stock?
The MACD indicator for 2X ETHER ETF (ETHU) has a value of -0.158428, indicating a bearish trend.
What is the short term momentum for ETHU stock?
The short term momentum for 2X ETHER ETF (ETHU) is neutral.