Taking everything into account, ETQ scores 3 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
35.21
We found 1 important support area.
- A support zone ranging from 35.57 to 36.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- Resistance @39.01 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 39.76 to 40.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 43.40 to 44.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for ETQ is down. |
| ChartMill Relative Strength | 9.37 | NEGATIVE | ETQ has a low relative strength, it was outperformed by 90.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ETQ is below the rising 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) | 46.41 | NEUTRAL | The RSI value for ETQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests ETQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.11 | NEUTRAL | The Stochastics value for ETQ is a neutral value. |
| Average True Range in percent/ATR (20) | 8.97 | HIGH VOLATILITY | The high ATR as a percentage value for ETQ suggests high volalility. |
| Average Directional Index/ADX (14) | 13.08 | NEGATIVE | The low ADX value for ETQ suggests a weak or negative trend. |
NYSEARCA:ETQ (1/12/2026, 10:44:05 AM)
38.95
-0.8 (-2.01%)
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 3 / 10 to ETQ.
What is the current trend direction of T-REX 2X INVER ET DAI TA ETF (ETQ) stock?
The current trend direction for T-REX 2X INVER ET DAI TA ETF (ETQ) is Bearish.
What is the RSI signal for T-REX 2X INVER ET DAI TA ETF (ETQ) stock?
T-REX 2X INVER ET DAI TA ETF (ETQ) has an RSI value of 46.4063. This indicates that the stock is currently neutral.
Can you provide the MACD signal for T-REX 2X INVER ET DAI TA ETF?
The MACD indicator for T-REX 2X INVER ET DAI TA ETF (ETQ) has a value of -0.574969, indicating a bearish trend.
What is the buy/sell signal for ETQ stock?
The buy/sell signal for T-REX 2X INVER ET DAI TA ETF (ETQ) is sell as both the short term and long term trends are negative.