Taking everything into account, GSX scores 5 out of 10 in our technical rating. In the last year, GSX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
GSX has an average technical rating and it also does not offer a high 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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23.20
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.50 to 24.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 23.43 to 23.71. 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 GSX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GSX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | GSX 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 GSX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GSX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 57.98 | NEUTRAL | The RSI value for GSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests GSX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.46 | NEUTRAL | The Stochastics value for GSX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for GSX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.48 | NEGATIVE | The low ADX value for GSX suggests a weak or negative trend. |
26.0807
+0.77 (+3.03%)
TRADR 2X LONG GS DAILY ETF / GSX FAQ
What is the ChartMill technical rating of TRADR 2X LONG GS DAILY ETF (GSX) stock?
ChartMill assigns a technical rating of 5 / 10 to GSX.
What is the trend direction for GSX stock?
The current trend direction for TRADR 2X LONG GS DAILY ETF (GSX) is Bullish.
What is the RSI signal for TRADR 2X LONG GS DAILY ETF (GSX) stock?
TRADR 2X LONG GS DAILY ETF (GSX) has an RSI value of 57.9776. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TRADR 2X LONG GS DAILY ETF?
The MACD indicator for TRADR 2X LONG GS DAILY ETF (GSX) has a value of -0.151891, indicating a bearish trend.
What are the support and resistance levels for TRADR 2X LONG GS DAILY ETF (GSX) stock?
TRADR 2X LONG GS DAILY ETF (GSX) has a support level at 24.82. Check the full technical report for our detailed analysis of GSX support and resistance levels.