IQ HEDGE MACRO TRACKER ETF (MCRO) Stock Technical Analysis
USA - NYSEARCA:MCRO - US45409B2060 - ETF
25.7972 USD
+0 (+0.01%)
We assign a technical rating of 7 out of 10 to MCRO. Although MCRO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: MCRO has an average volume of 340 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, MCRO turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
MCRO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MCRO is lagging the market.
In the last month MCRO has a been trading in a tight range between 25.00 and 26.00.
Volume is considerably higher in the last couple of days.
Although MCRO has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
24.15
26.77
When analyzing the support we can see 2 important areas.
- A support zone ranging from 25.07 to 25.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 24.39 to 24.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.84 to 26.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @26.50 from a horizontal 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 MCRO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MCRO is up. |
| ChartMill Relative Strength | 57.15 | NEUTRAL | MCRO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MCRO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of MCRO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.93 | NEUTRAL | The RSI value for MCRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MCRO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.62 | NEUTRAL | The Stochastics value for MCRO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.31 | LOW VOLATILITY | The low ATR as a percentage value for MCRO suggests low volalility. |
| Average Directional Index/ADX (14) | 20.01 | NEUTRAL | The ADX value for MCRO suggests a possible start of a new 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)
NYSEARCA:MCRO (1/31/2023, 8:04:00 PM)
25.7972
+0 (+0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.01%
1 Week-0.42%
2 Weeks0.52%
1 Month3.4%
3 Month3.58%
6 Month0.5%
12 Month-6.11%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.31%
ATR Inc47.77%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.15
Mansfield-0.1
10 Day High26
10 Day Low25.6
20 Day High26
20 Day Low25
52 Week High27.81
52 Week Low24.39
CS1 End25.62
CR1 Start25.84
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr41.77%
Vol(5)560
Vol(50)340