Overall ETHU gets a technical rating of 0 out of 10. ETHU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 97% of all other stocks performed better in the past year than ETHU.
- ETHU 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 ETHU has a been trading in the 49.21 - 71.06 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.
- ETHU has an average volume of 6751580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of ETHU is bad and it also does not present a 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.
More info and screens
47.91
2 important support areas can be observed.
- 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.
4 important resistance areas can be observed.
- A resistance zone ranging from 58.56 to 59.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @60.31 from a trend line in the daily time frame.
- Resistance @62.91 from a trend line in the daily time frame.
- 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 | 3.33 | NEGATIVE | ETHU has a low relative strength, it was outperformed by 96.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETHU is below a declining 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) | UP | MIXED | The current price of ETHU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.6 | NEUTRAL | The RSI value for ETHU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.85 | NEGATIVE | The MACD value suggests ETHU has a negative trend. |
| Stochastics (14,3) | 10.05 | OVERSOLD | The low Stochastics value suggests ETHU may be oversold. |
| Average True Range in percent/ATR (20) | 9.4 | HIGH VOLATILITY | The high ATR as a percentage value for ETHU suggests high volalility. |
| Average Directional Index/ADX (14) | 17 | NEGATIVE | The low ADX value for ETHU suggests a weak or negative trend. |
50.47
-1.4 (-2.7%)
2X ETHER ETF / ETHU FAQ
Can you provide the ChartMill technical rating for 2X ETHER ETF?
ChartMill assigns a technical rating of 0 / 10 to ETHU.
What is the current trend direction of 2X ETHER ETF (ETHU) stock?
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 39.6041. This indicates that the stock is currently neutral.
What is the short term momentum for 2X ETHER ETF (ETHU) stock?
The short term momentum for 2X ETHER ETF (ETHU) is negative.
What is the buy/sell signal for ETHU stock?
The buy/sell signal for 2X ETHER ETF (ETHU) is sell as both the short term and long term trends are negative.