VANECK ETHEREUM ETF (ETHV) Stock Technical Analysis
NYSEARCA:ETHV - NYSE Arca - US92189L1035 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to ETHV. In the last year, ETHV was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
100% of all other stocks performed better in the past year than ETHV.
The long and short term trends are both positive. This is looking good!
In the last month ETHV has a been trading in the 33.35 - 40.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, ETHV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 36.37, a Stop Loss order could be placed below this zone.
More info and screens
31.23
40.70
We found 2 important support areas.
- A support zone ranging from 36.37 to 36.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.55 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 37.57 to 38.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 39.47 to 39.48. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @40.30 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 ETHV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETHV is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ETHV has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ETHV is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETHV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ETHV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.34 | NEUTRAL | The RSI value for ETHV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests ETHV has a negative trend. |
| Stochastics (14,3) | 47.4 | NEUTRAL | The Stochastics value for ETHV is a neutral value. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for ETHV suggests high volalility. |
| Average Directional Index/ADX (14) | 27.11 | POSITIVE | The high ADX value value for ETHV suggests a strong 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)
36.38
-0.64 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.73%
1 Week-3.55%
2 Weeks-5.75%
1 Month17.09%
3 Month15.24%
6 Month-38.86%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.58
ATR(20)%5.3%
ATR Inc-25.01%
Range Today0.67
ADR(20)1.28
ADR(20)%3.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High39.69
10 Day Low36.38
20 Day High40.07
20 Day Low33.35
52 Week HighN/A
52 Week LowN/A
CS1 End36.37
CR1 Start37.57
Volume & EV
DER(3)0.65%
DER(5)1.41%
Volume29.00K
Volume Incr-50.15%
Vol(5)34.30K
Vol(50)109.87K