GRANITE 2X LONG INTC ETF (INTW) Stock Technical Analysis
USA - NASDAQ:INTW - US38747R5533 - ETF
Taking everything into account, INTW scores 4 out of 10 in our technical rating. INTW was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
INTW 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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14.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 39.11 to 39.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.68 from a trend line in the daily time frame.
- Support @14.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.13 to 39.54. This zone is formed by a combination of multiple trend lines and important moving averages 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 INTW is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INTW is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | INTW 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 INTW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of INTW is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 38.09 | NEUTRAL | The RSI value for INTW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.88 | NEGATIVE | The MACD value suggests INTW has a negative trend. |
| Stochastics (14,3) | 7.43 | OVERSOLD | The low Stochastics value suggests INTW may be oversold. |
| Average True Range in percent/ATR (20) | 11.3 | HIGH VOLATILITY | The high ATR as a percentage value for INTW suggests high volalility. |
| Average Directional Index/ADX (14) | 24.83 | NEUTRAL | The ADX value for INTW suggests a possible start of a new trend. |
39.1239
-0.65 (-1.64%)
GRANITE 2X LONG INTC ETF / INTW FAQ
What is the technical rating for INTW stock?
ChartMill assigns a technical rating of 4 / 10 to INTW.
What is the trend direction for INTW stock?
The current trend direction for GRANITE 2X LONG INTC ETF (INTW) is Bullish.
What is the RSI signal for INTW stock?
GRANITE 2X LONG INTC ETF (INTW) has an RSI value of 38.0902. This indicates that the stock is currently neutral.
What is the MACD signal for INTW stock?
The MACD indicator for GRANITE 2X LONG INTC ETF (INTW) has a value of -1.88084, indicating a bearish trend.
Can you provide the support and resistance levels for GRANITE 2X LONG INTC ETF?
GRANITE 2X LONG INTC ETF (INTW) has a support level at 39.11 and a resistance level at 39.13. Check the full technical report for our detailed analysis of INTW support and resistance levels.