GRANITE 2X LONG IONQ ETF (IONL) Stock Technical Analysis
NASDAQ:IONL - Nasdaq - US38747R5467 - ETF - Currency: USD
Taking everything into account, IONL scores 4 out of 10 in our technical rating. IONL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, IONL is a bad performer in the overall market: 100% of all stocks are doing better.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month IONL has a been trading in the 31.97 - 67.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, IONL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
43.50
44.65
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.95 to 44.21. 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 IONL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IONL is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | IONL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IONL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IONL is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 53.51 | NEUTRAL | The RSI value for IONL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.89 | NEGATIVE | The MACD value suggests IONL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.68 | NEUTRAL | The Stochastics value for IONL is a neutral value. |
| Average True Range in percent/ATR (20) | 19.21 | HIGH VOLATILITY | The high ATR as a percentage value for IONL suggests high volalility. |
| Average Directional Index/ADX (14) | 33.26 | POSITIVE | The high ADX value value for IONL suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
43.94
+2.19 (+5.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg5.25%
1 Week-3.83%
2 Weeks-25.6%
1 Month43.92%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.22
ATR(20)%19.21%
ATR Inc-28.13%
Range Today7.62
ADR(20)8
ADR(20)%18.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High67
10 Day Low35.65
20 Day High67
20 Day Low31.97
52 Week HighN/A
52 Week LowN/A
CS1 EndN/A
CR1 Start43.95
Volume & EV
DER(3)1.86%
DER(5)-1.49%
Volume232.70K
Volume Incr19.06%
Vol(5)106.12K
Vol(50)57.18K