2X ETHER ETF (ETHU) Stock Technical Analysis
USA - NYSEARCA:ETHU - US92864M7983 - ETF
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.
ETHU has a poor technical rating and the quality of the setup is also not perfect 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
59.71
2 important support areas can be observed.
- Support @65.09 from a horizontal line in the weekly time frame.
- Support @60.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @81.96 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 | 2.14 | NEGATIVE | ETHU has a low relative strength, it was outperformed by 97.86% 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) | DOWN | NEGATIVE | The current price of ETHU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.33 | NEUTRAL | The RSI value for ETHU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.42 | NEGATIVE | The MACD value suggests ETHU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.63 | OVERSOLD | The low Stochastics value suggests ETHU may be oversold. |
| Average True Range in percent/ATR (20) | 17.49 | HIGH VOLATILITY | The high ATR as a percentage value for ETHU suggests high volalility. |
| Average Directional Index/ADX (14) | 32.43 | POSITIVE | The high ADX value value for ETHU suggests a strong trend. |
65.1
+4.78 (+7.92%)
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.
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 36.3297. 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.