T-REX 2X LONG ETHER D TA ETF (ETU) Stock Technical Analysis
USA - NYSEARCA:ETU - US98148L7385 - ETF
40.48 USD
-0.18 (-0.44%)
41.3718 USD
+0.89 (+2.2%)
Taking everything into account, ETU scores 7 out of 10 in our technical rating. Although ETU is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
100% of all other stocks performed better in the past year than ETU.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month ETU has a been trading in the 35.78 - 48.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ETU has an excellent technical rating, the quality of the presented setup is not ideal at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
20.15
48.11
3 important support areas can be observed.
- Support @37.04 from a horizontal line in the daily time frame.
- Support @21.26 from a trend line in the weekly time frame.
- Support @20.35 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 43.96 to 43.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 47.44 to 47.63. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for ETU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETU is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ETU has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ETU is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.62 | NEUTRAL | The RSI value for ETU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests ETU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 61.01 | NEUTRAL | The Stochastics value for ETU is a neutral value. |
| Average True Range in percent/ATR (20) | 9.29 | HIGH VOLATILITY | The high ATR as a percentage value for ETU suggests high volalility. |
| Average Directional Index/ADX (14) | 26.78 | POSITIVE | The high ADX value value for ETU 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)
40.48
-0.18 (-0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.44%
1 Week8.32%
2 Weeks8.91%
1 Month0.35%
3 Month197.43%
6 Month264.52%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.9
ATR(20)%9.29%
ATR Inc-17.47%
Range Today1.61
ADR(20)3.05
ADR(20)%7.53%
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 High44.06
10 Day Low36.6
20 Day High48.91
20 Day Low35.78
52 Week HighN/A
52 Week LowN/A
CS1 End37.04
CR1 Start43.96
Volume & EV
DER(3)-4.52%
DER(5)-1.92%
Volume87.60K
Volume Incr-38.08%
Vol(5)120.54K
Vol(50)186.29K