GRANITE 2X LONG IONQ ETF (IONL) Stock Technical Analysis
NASDAQ:IONL - Nasdaq - US38747R5467 - ETF - Currency: USD
We assign a technical rating of 5 out of 10 to IONL. 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.
100% of all other stocks performed better in the past year than IONL.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month IONL has a been trading in the 35.45 - 59.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IONL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
41.46
54.54
2 important support areas can be observed.
- Support @44.18 from a horizontal line in the daily time frame.
- Support @41.88 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @54.00 from a trend line 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 | 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) | 47.7 | NEUTRAL | The RSI value for IONL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests IONL has a negative trend. |
| Stochastics (14,3) | 31.95 | NEUTRAL | The Stochastics value for IONL is a neutral value. |
| Average True Range in percent/ATR (20) | 14.61 | HIGH VOLATILITY | The high ATR as a percentage value for IONL suggests high volalility. |
| Average Directional Index/ADX (14) | 14.46 | NEGATIVE | The low ADX value for IONL suggests a weak or negative 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)
44.19
-2.22 (-4.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.78%
1 Week-16.23%
2 Weeks-10.2%
1 Month12.53%
3 Month103.27%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.89
ATR(20)%14.61%
ATR Inc-53.38%
Range Today4.09
ADR(20)6.06
ADR(20)%13.72%
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 High59
10 Day Low41.66
20 Day High59
20 Day Low35.45
52 Week HighN/A
52 Week LowN/A
CS1 End44.18
CR1 Start54
Volume & EV
DER(3)-8.33%
DER(5)-3.77%
Volume113.20K
Volume Incr-19.01%
Vol(5)148.68K
Vol(50)131.26K