T-REX 2X LONG ETHER D TA ETF (ETU) Stock Technical Analysis
NYSEARCA:ETU - NYSE Arca - US98148L7385 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to ETU. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ETU is a bad performer.
100% of all other stocks performed better in the past year than ETU.
The long and short term trends are both positive. This is looking good!
In the last month ETU has a been trading in the 13.18 - 32.93 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although ETU has an excellent technical rating, it does not present a decent entry opportunity 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
15.36
31.34
We found 2 important support areas.
- Support @16.09 from a trend line in the weekly time frame.
- Support @15.52 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.69 to 31.03. This zone is formed by a combination of multiple trend lines 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 | 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). |
| Relative Strength Index/RSI (14) | 69.26 | NEUTRAL | The RSI value for ETU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.96 | POSITIVE | The MACD value suggests ETU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.72 | OVERBOUGHT | The high Stochastics value suggests ETU may be overbought. |
| Average True Range in percent/ATR (20) | 7.07 | HIGH VOLATILITY | The high ATR as a percentage value for ETU suggests high volalility. |
| Average Directional Index/ADX (14) | 35.61 | 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)
29.21
-1.78 (-5.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.74%
1 Week3.88%
2 Weeks43.12%
1 Month111.67%
3 Month248.98%
6 Month-20.69%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.42
ATR(20)%7.07%
ATR Inc21.28%
Range Today1.94
ADR(20)1.52
ADR(20)%5.2%
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 High32.93
10 Day Low19.85
20 Day High32.93
20 Day Low13.18
52 Week HighN/A
52 Week LowN/A
CS1 End16.09
CR1 Start30.69
Volume & EV
DER(3)-0.25%
DER(5)-2.41%
Volume142.10K
Volume Incr5.37%
Vol(5)195.04K
Vol(50)141.18K