LEVERAGE SHARES 2X HOOD (HOOG) Technical Analysis
NASDAQ:HOOG • US8829274609
Current stock price
HOOG Technical Rating and Analysis
Overall HOOG gets a technical rating of 5 out of 10. Although HOOG has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- HOOG 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 HOOG has a been trading in the 14.43 - 30.00 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, which is what you like to see during a strong movement up.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, HOOG did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
HOOG Weekly and Daily overview Charts
HOOG Setup Rating and Analysis
HOOG has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
HOOG Support and Resistance Analysis
17.82
We found 1 important support area.
- Support @18.00 from a trend line in the daily time frame.
HOOG Technical Indicator Signal Analysis
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 HOOG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOOG is up. |
| ChartMill Relative Strength | 88.2 | POSITIVE | HOOG has a high relative strength, it outperformed 88.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HOOG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HOOG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HOOG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.82 | NEUTRAL | The RSI value for HOOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.65 | POSITIVE | The MACD value suggests HOOG has a positive trend. |
| Stochastics (14,3) | 92.28 | OVERBOUGHT | The high Stochastics value suggests HOOG may be overbought. |
| Average True Range in percent/ATR (20) | 8.29 | HIGH VOLATILITY | The high ATR as a percentage value for HOOG suggests high volalility. |
| Average Directional Index/ADX (14) | 28.91 | POSITIVE | The high ADX value value for HOOG suggests a strong trend. |
HOOG Chart- and CandleStick Pattern Analysis
HOOG Technicals: Chart, Performance Metrics, Trend & Indicators
28.5
+2.32 (+8.86%)
LEVERAGE SHARES 2X HOOD / HOOG TA FAQ
Can you provide the ChartMill technical rating for LEVERAGE SHARES 2X HOOD?
ChartMill assigns a technical rating of 5 / 10 to HOOG.
Can you provide the trend direction for LEVERAGE SHARES 2X HOOD?
The current trend direction for LEVERAGE SHARES 2X HOOD (HOOG) is Bearish.
Can you provide the RSI signal for LEVERAGE SHARES 2X HOOD?
LEVERAGE SHARES 2X HOOD (HOOG) has an RSI value of 67.82. This indicates that the stock is currently neutral.
Can you provide the MACD signal for LEVERAGE SHARES 2X HOOD?
The MACD indicator for LEVERAGE SHARES 2X HOOD (HOOG) has a value of 1.64955, indicating a bullish trend.
Can you provide the support and resistance levels for LEVERAGE SHARES 2X HOOD?
LEVERAGE SHARES 2X HOOD (HOOG) has a support level at 18. Check the full technical report for our detailed analysis of HOOG support and resistance levels.