Overall ETHU gets a technical rating of 1 out of 10. ETHU'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.
Although the technical rating is bad, ETHU does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
47.91
3 important support areas can be observed.
- Support @52.72 from a trend line in the weekly time frame.
- Support @49.65 from a horizontal line in the weekly time frame.
- A support zone ranging from 48.39 to 48.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @57.24 from a trend line in the daily time frame.
- A resistance zone ranging from 58.52 to 60.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @122.37 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 ETHU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETHU is down. |
| ChartMill Relative Strength | 2.66 | NEGATIVE | ETHU has a low relative strength, it was outperformed by 97.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ETHU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETHU is below a declining 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) | 43.52 | NEUTRAL | The RSI value for ETHU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.69 | POSITIVE | The MACD value suggests ETHU has a positive trend. |
| Stochastics (14,3) | 12.87 | OVERSOLD | The low Stochastics value suggests ETHU may be oversold. |
| Average True Range in percent/ATR (20) | 13.44 | HIGH VOLATILITY | The high ATR as a percentage value for ETHU suggests high volalility. |
| Average Directional Index/ADX (14) | 27.09 | POSITIVE | The high ADX value value for ETHU suggests a strong trend. |
55.98
+7.45 (+15.35%)
2X ETHER ETF / ETHU FAQ
Can you provide the ChartMill technical rating for 2X ETHER ETF?
ChartMill assigns a technical rating of 1 / 10 to ETHU.
Can you provide the trend direction for 2X ETHER ETF?
The current trend direction for 2X ETHER ETF (ETHU) is Bearish.
What is the RSI signal for ETHU stock?
2X ETHER ETF (ETHU) has an RSI value of 43.5162. This indicates that the stock is currently neutral.
Can you provide the short term momentum for 2X ETHER ETF?
The short term momentum for 2X ETHER ETF (ETHU) is negative.
What is the buy/sell signal for 2X ETHER ETF (ETHU) stock?
The buy/sell signal for 2X ETHER ETF (ETHU) is sell as both the short term and long term trends are negative.