DEFIAN DIY TT 2X LO IREN ETF (IRE) Technical Analysis
NYSEARCA:IRE • US88636W6509
Taking everything into account, IRE scores 0 out of 10 in our technical rating. IRE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 100% of all other stocks performed better in the past year than IRE.
- In the last month IRE has a been trading in the 3.83 - 7.45 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- IRE has an average volume of 23385200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, IRE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
4.32
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.57 to 6.67. 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 | DOWN | NEGATIVE | The long term trend for IRE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IRE is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | IRE 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 IRE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IRE is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.33 | NEUTRAL | The RSI value for IRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests IRE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.73 | OVERSOLD | The low Stochastics value suggests IRE may be oversold. |
| Average True Range in percent/ATR (20) | 23.33 | HIGH VOLATILITY | The high ATR as a percentage value for IRE suggests high volalility. |
| Average Directional Index/ADX (14) | 22.43 | NEUTRAL | The ADX value for IRE suggests a possible start of a new trend. |
IRE Technicals: Chart, Performance Metrics, Trend & Indicators
4.36
-0.19 (-4.18%)
DEFIAN DIY TT 2X LO IREN ETF / IRE FAQ
Can you provide the ChartMill technical rating for DEFIAN DIY TT 2X LO IREN ETF?
ChartMill assigns a technical rating of 0 / 10 to IRE.
Can you provide the trend direction for DEFIAN DIY TT 2X LO IREN ETF?
The current trend direction for DEFIAN DIY TT 2X LO IREN ETF (IRE) is Bearish.
What is the RSI signal for IRE stock?
DEFIAN DIY TT 2X LO IREN ETF (IRE) has an RSI value of 40.325. This indicates that the stock is currently neutral.
What is the MACD signal for DEFIAN DIY TT 2X LO IREN ETF (IRE) stock?
The MACD indicator for DEFIAN DIY TT 2X LO IREN ETF (IRE) has a value of -0.0196715, indicating a bearish trend.
What is the buy/sell signal for IRE stock?
The buy/sell signal for DEFIAN DIY TT 2X LO IREN ETF (IRE) is sell as both the short term and long term trends are negative.