2X ETHER ETF (ETHU) Stock Technical Analysis
USA - NYSEARCA:ETHU - US92864M7983 - ETF
152.77 USD
+1.35 (+0.89%)
152.5 USD
-0.27 (-0.18%)
Taking everything into account, ETHU scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, ETHU has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ETHU did better than 96% of all other stocks.
In the last month ETHU has a been trading in the 109.21 - 168.49 range, which is quite wide. It is currently trading near the high of this range.
ETHU has an average volume of 5682520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
ETHU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ETHU is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ETHU has an excellent technical rating, it does not present a decent entry opportunity 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
85.81
190.08
We found 3 important support areas.
- Support @121.62 from a trend line in the daily time frame.
- Support @117.17 from a trend line in the daily time frame.
- Support @86.68 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @168.34 from a horizontal line in the daily time frame.
- Resistance @177.41 from a trend line in the weekly time frame.
- Resistance @188.20 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 | UP | POSITIVE | The long term trend for ETHU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETHU is up. |
| ChartMill Relative Strength | 96.31 | POSITIVE | ETHU has a high relative strength, it outperformed 96.31% 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 | MIXED | The current price of ETHU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.31 | NEUTRAL | The RSI value for ETHU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests ETHU has a positive trend. |
| Stochastics (14,3) | 68.81 | NEUTRAL | The Stochastics value for ETHU is a neutral value. |
| Average True Range in percent/ATR (20) | 6.9 | HIGH VOLATILITY | The high ATR as a percentage value for ETHU suggests high volalility. |
| Average Directional Index/ADX (14) | 19.1 | NEGATIVE | The low ADX value for ETHU suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
152.77
+1.35 (+0.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.89%
1 Week24.9%
2 Weeks1.49%
1 Month5.4%
3 Month160.52%
6 Month329.13%
12 Month53.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.56
ATR(20)%6.9%
ATR Inc1.48%
Range Today10.54
ADR(20)7.37
ADR(20)%4.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.31
Mansfield2.9
10 Day High158
10 Day Low109.21
20 Day High168.49
20 Day Low109.21
52 Week High251
52 Week Low22.1
CS1 End121.62
CR1 Start168.34
Volume & EV
DER(3)-2.39%
DER(5)-1.1%
Volume4.86M
Volume Incr-11.93%
Vol(5)4.37M
Vol(50)5.68M