Taking everything into account, ETU scores 0 out of 10 in our technical rating. ETU's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of ETU 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.
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13.13
We found 1 important support area.
- A support zone ranging from 13.26 to 13.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.00 to 16.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @17.13 from a trend 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 ETU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETU is down. |
| ChartMill Relative Strength | 2.34 | NEGATIVE | ETU has a low relative strength, it was outperformed by 97.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ETU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.88 | NEUTRAL | The RSI value for ETU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests ETU has a positive trend. |
| Stochastics (14,3) | 28.55 | NEUTRAL | The Stochastics value for ETU is a neutral value. |
| Average True Range in percent/ATR (20) | 15.92 | HIGH VOLATILITY | The high ATR as a percentage value for ETU suggests high volalility. |
| Average Directional Index/ADX (14) | 37.21 | POSITIVE | The high ADX value value for ETU suggests a strong trend. |
15.99
+0.03 (+0.19%)
T-REX 2X LONG ETHER D TA ETF / ETU FAQ
What is the ChartMill technical rating of T-REX 2X LONG ETHER D TA ETF (ETU) stock?
ChartMill assigns a technical rating of 0 / 10 to ETU.
Can you provide the trend direction for T-REX 2X LONG ETHER D TA ETF?
The current trend direction for T-REX 2X LONG ETHER D TA ETF (ETU) is Bearish.
What is the RSI signal for ETU stock?
T-REX 2X LONG ETHER D TA ETF (ETU) has an RSI value of 38.8786. This indicates that the stock is currently neutral.
What is the MACD signal for T-REX 2X LONG ETHER D TA ETF (ETU) stock?
The MACD indicator for T-REX 2X LONG ETHER D TA ETF (ETU) has a value of 0.233442, indicating a bearish trend.
Can you provide the support and resistance levels for T-REX 2X LONG ETHER D TA ETF?
T-REX 2X LONG ETHER D TA ETF (ETU) has a support level at 13.38 and a resistance level at 16. Check the full technical report for our detailed analysis of ETU support and resistance levels.