DEFIANCE D TAR 2X L HOOD ETF (HOOX) Stock Technical Analysis
NASDAQ:HOOX - Nasdaq - US88636R1986 - ETF - Currency: USD
Taking everything into account, HOOX scores 5 out of 10 in our technical rating. In the last year, HOOX 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.
HOOX 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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53.58
When analyzing the support we notice one important area.
- A support zone ranging from 54.12 to 54.12. 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 HOOX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOOX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | HOOX 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 HOOX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HOOX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 64.12 | NEUTRAL | The RSI value for HOOX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests HOOX has a negative trend. |
| Stochastics (14,3) | 71 | NEUTRAL | The Stochastics value for HOOX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.49 | HIGH VOLATILITY | The high ATR as a percentage value for HOOX suggests high volalility. |
| Average Directional Index/ADX (14) | 39.72 | POSITIVE | The high ADX value value for HOOX suggests a strong trend. |
54.13
-2.35 (-4.16%)