GRAYSCALE FUTURE OF FINANCE (GFOF) Stock Technical Analysis
NYSEARCA:GFOF - NYSE Arca - US26922B7257 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to GFOF. Both in the recent history as in the last year, GFOF has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: GFOF has an average volume of 3226 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
GFOF is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GFOF is leading the market.
GFOF is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the yearly performance of all stocks, we notice that GFOF is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
GFOF has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
15.29
28.05
7 important support areas can be observed.
- A support zone ranging from 27.56 to 27.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @25.29 from a horizontal line in the daily time frame.
- Support @21.84 from a trend line in the daily time frame.
- Support @17.01 from a trend line in the weekly time frame.
- Support @16.25 from a trend line in the weekly time frame.
- Support @15.80 from a trend line in the daily time frame.
- A support zone ranging from 15.44 to 15.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 27.70 to 27.77. 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 | UP | POSITIVE | The long term trend for GFOF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GFOF is up. |
| ChartMill Relative Strength | 95.17 | POSITIVE | GFOF has a high relative strength, it outperformed 95.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GFOF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GFOF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GFOF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.93 | NEUTRAL | The RSI value for GFOF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests GFOF has a negative trend. |
| Stochastics (14,3) | 71.79 | NEUTRAL | The Stochastics value for GFOF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for GFOF suggests some volalility. |
| Average Directional Index/ADX (14) | 35.36 | POSITIVE | The high ADX value value for GFOF 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)
NYSEARCA:GFOF (12/12/2024, 8:05:48 PM)
27.69
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.05%
2 Weeks2.51%
1 Month8.71%
3 Month60.27%
6 Month42.98%
12 Month68.56%
2 Year265.11%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.74
ATR(20)%2.74%
ATR Inc-82.31%
Range Today0.08
ADR(20)0.66
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.17
Mansfield3.15
10 Day High28.67
10 Day Low27.33
20 Day High28.67
20 Day Low24.63
52 Week High28.67
52 Week Low12.99
CS1 End27.68
CR1 Start27.7
Volume & EV
DER(3)0.04%
DER(5)-4.15%
Volume1.10K
Volume Incr-15.87%
Vol(5)3.40K
Vol(50)3.23K