Overall HOOG gets a technical rating of 0 out of 10. HOOG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of HOOG 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
57.40
When analyzing the support we can see 3 important areas.
- Support @64.10 from a trend line in the daily time frame.
- Support @61.57 from a trend line in the daily time frame.
- Support @57.98 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 70.55 to 71.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 76.13 to 76.17. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for HOOG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HOOG is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | HOOG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HOOG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HOOG is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 42.08 | NEUTRAL | The RSI value for HOOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests HOOG has a negative trend. |
| Stochastics (14,3) | 17.06 | OVERSOLD | The low Stochastics value suggests HOOG may be oversold. |
| Average True Range in percent/ATR (20) | 11.45 | HIGH VOLATILITY | The high ATR as a percentage value for HOOG suggests high volalility. |
| Average Directional Index/ADX (14) | 17.79 | NEGATIVE | The low ADX value for HOOG suggests a weak or negative trend. |
66.46
-2.57 (-3.72%)
LEVERAGE SHARES 2X HOOD / HOOG FAQ
Can you provide the ChartMill technical rating for LEVERAGE SHARES 2X HOOD?
ChartMill assigns a technical rating of 0 / 10 to HOOG.
What is the current trend direction of LEVERAGE SHARES 2X HOOD (HOOG) stock?
The current trend direction for LEVERAGE SHARES 2X HOOD (HOOG) is Bearish.
What is the RSI signal for LEVERAGE SHARES 2X HOOD (HOOG) stock?
LEVERAGE SHARES 2X HOOD (HOOG) has an RSI value of 42.0784. This indicates that the stock is currently neutral.
What is the MACD signal for LEVERAGE SHARES 2X HOOD (HOOG) stock?
The MACD indicator for LEVERAGE SHARES 2X HOOD (HOOG) has a value of -0.274536, indicating a bearish trend.
What is the short term momentum for HOOG stock?
The short term momentum for LEVERAGE SHARES 2X HOOD (HOOG) is negative.