We assign a technical rating of 7 out of 10 to MCRO. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MCRO is only an average performer.
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.
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24.15
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.
When analyzing the resistance we notice 2 important 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. |
NYSEARCA:MCRO (1/31/2023, 8:04:00 PM)
25.7972
+0 (+0.01%)
IQ HEDGE MACRO TRACKER ETF / MCRO FAQ
What is the technical rating for MCRO stock?
ChartMill assigns a technical rating of 7 / 10 to MCRO.
Can you provide the trend direction for IQ HEDGE MACRO TRACKER ETF?
The current trend direction for IQ HEDGE MACRO TRACKER ETF (MCRO) is Bullish.
What is the RSI signal for MCRO stock?
IQ HEDGE MACRO TRACKER ETF (MCRO) has an RSI value of 56.9286. This indicates that the stock is currently neutral.
Can you provide the MACD signal for IQ HEDGE MACRO TRACKER ETF?
The MACD indicator for IQ HEDGE MACRO TRACKER ETF (MCRO) has a value of 0.0178565, indicating a bearish trend.
What is the short term momentum for IQ HEDGE MACRO TRACKER ETF (MCRO) stock?
The short term momentum for IQ HEDGE MACRO TRACKER ETF (MCRO) is positive.