T-REX 2X INVER ET DAI TA ETF (ETQ) Stock Technical Analysis
USA - NYSEARCA:ETQ - US98148L7203 - ETF
Taking everything into account, ETQ scores 4 out of 10 in our technical rating. In the past year, ETQ was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
ETQ has an average technical rating and it also does not offer a high 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.
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31.57
When analyzing the support we notice one important area.
- Support @31.89 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.87 to 46.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The short term trend for ETQ is up. |
| ChartMill Relative Strength | 4.82 | NEGATIVE | ETQ has a low relative strength, it was outperformed by 95.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETQ is above 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) | 58.48 | NEUTRAL | The RSI value for ETQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.16 | POSITIVE | The MACD value suggests ETQ has a positive trend. |
| Stochastics (14,3) | 72.94 | NEUTRAL | The Stochastics value for ETQ is a neutral value. |
| Average True Range in percent/ATR (20) | 10.38 | HIGH VOLATILITY | The high ATR as a percentage value for ETQ suggests high volalility. |
| Average Directional Index/ADX (14) | 18.6 | NEGATIVE | The low ADX value for ETQ suggests a weak or negative trend. |
43.18
+3.26 (+8.17%)
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 4 / 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 58.4762. 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 positive.
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 31.89 and a resistance level at 46.87. Check the full technical report for our detailed analysis of ETQ support and resistance levels.