Taking everything into account, ETQ scores 2 out of 10 in our technical rating. ETQ 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 technical rating of ETQ 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
35.77
We found 1 important support area.
- A support zone ranging from 36.13 to 36.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @60.80 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 ETQ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ETQ is neutral. |
| ChartMill Relative Strength | 13.42 | NEGATIVE | ETQ has a low relative strength, it was outperformed by 86.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ETQ is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ETQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.63 | NEUTRAL | The RSI value for ETQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.87 | NEGATIVE | The MACD value suggests ETQ has a negative trend. |
| Stochastics (14,3) | 12.01 | OVERSOLD | The low Stochastics value suggests ETQ may be oversold. |
| Average True Range in percent/ATR (20) | 16.63 | HIGH VOLATILITY | The high ATR as a percentage value for ETQ suggests high volalility. |
| Average Directional Index/ADX (14) | 19.04 | NEGATIVE | The low ADX value for ETQ suggests a weak or negative trend. |
36.14
-5 (-12.15%)
T-REX 2X INVER ET DAI TA ETF / ETQ FAQ
What is the ChartMill technical rating of T-REX 2X INVER ET DAI TA ETF (ETQ) stock?
ChartMill assigns a technical rating of 2 / 10 to ETQ.
What is the trend direction for ETQ stock?
The current trend direction for T-REX 2X INVER ET DAI TA ETF (ETQ) is Bearish.
Can you provide the RSI signal for T-REX 2X INVER ET DAI TA ETF?
T-REX 2X INVER ET DAI TA ETF (ETQ) has an RSI value of 42.6282. This indicates that the stock is currently neutral.
Can you provide the short term momentum for T-REX 2X INVER ET DAI TA ETF?
The short term momentum for T-REX 2X INVER ET DAI TA ETF (ETQ) is neutral.
What are the support and resistance levels for T-REX 2X INVER ET DAI TA ETF (ETQ) stock?
T-REX 2X INVER ET DAI TA ETF (ETQ) has a support level at 36.13 and a resistance level at 60.8. Check the full technical report for our detailed analysis of ETQ support and resistance levels.