DAN WEDBUSH AI REV ETF (IVES) Stock Technical Analysis
NYSEARCA:IVES - NYSE Arca - US9479131099 - ETF - Currency: USD
Overall IVES gets a technical rating of 4 out of 10. IVES 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.
IVES 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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26.62
When analyzing the support we notice one important area.
- A support zone ranging from 26.89 to 27.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.83 to 27.83. 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 IVES is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IVES is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | IVES 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 IVES is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 68.19 | NEUTRAL | The RSI value for IVES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.77 | NEGATIVE | The MACD value suggests IVES has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 92.48 | OVERBOUGHT | The high Stochastics value suggests IVES may be overbought. |
| Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for IVES suggests low volalility. |
| Average Directional Index/ADX (14) | 31.08 | POSITIVE | The high ADX value value for IVES suggests a strong trend. |
27.82
+0.09 (+0.32%)