T-REX 2X LNG ALPHABET DLY (GOOX) Stock Technical Analysis
NYSEARCA:GOOX - NYSE Arca - US26923N5959 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to GOOX. In the past year, GOOX 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
76% of all other stocks performed better in the past year than GOOX.
GOOX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month GOOX has a been trading in the 20.83 - 26.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of GOOX 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.
More info and screens
20.25
34.44
When analyzing the support we can see 4 important areas.
- A support zone ranging from 23.29 to 23.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.95 to 22.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.58 from a horizontal line in the daily time frame.
- Support @20.45 from a trend line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @24.52 from a horizontal line in the weekly time frame.
- Resistance @24.94 from a horizontal line in the daily time frame.
- Resistance @25.52 from a horizontal line in the daily time frame.
- Resistance @26.06 from a horizontal line in the daily time frame.
- Resistance @34.10 from a trend line in the weekly 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 GOOX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GOOX is neutral. |
| ChartMill Relative Strength | 24.53 | NEGATIVE | GOOX has a low relative strength, it was outperformed by 75.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GOOX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GOOX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GOOX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.3 | NEUTRAL | The RSI value for GOOX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests GOOX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.01 | NEUTRAL | The Stochastics value for GOOX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.56 | MEDIUM VOLATILITY | The ATR as a percentage value for GOOX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.57 | NEGATIVE | The low ADX value for GOOX suggests a weak or negative 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)
24.51
+0.75 (+3.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.16%
1 Week11.36%
2 Weeks-0.2%
1 Month3.81%
3 Month21.64%
6 Month-25.59%
12 Month-34.14%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.17
ATR(20)%4.56%
ATR Inc11.15%
Range Today1.57
ADR(20)1
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.53
Mansfield-1.89
10 Day High25.03
10 Day Low20.83
20 Day High26.15
20 Day Low20.83
52 Week High41.67
52 Week Low16.85
CS1 End23.61
CR1 Start24.52
Volume & EV
DER(3)10.15%
DER(5)5.19%
Volume133.10K
Volume Incr13.95%
Vol(5)111.60K
Vol(50)112.92K