ROUNDHILL MEME STOCK ETF (MEME) Technical Analysis
NYSEARCA:MEME • US77926X8175
Current stock price
MEME Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to MEME. Although MEME is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, MEME is a bad performer in the overall market: 100% of all stocks are doing better.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month MEME has a been trading in the 6.31 - 9.43 range, which is quite wide. It is currently trading near the high of this range.
- Considerably lower volume is observed in the last couple of days.
MEME Weekly and Daily overview Charts
MEME Setup Rating and Analysis
Although MEME has an excellent technical rating, it 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.
More info and screens
MEME Support and Resistance Analysis
5.67
4 important support areas can be observed.
- A support zone ranging from 8.10 to 8.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.80 from a horizontal line in the daily time frame.
- Support @6.28 from a trend line in the weekly time frame.
- Support @5.73 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @8.99 from a horizontal line in the weekly time frame.
MEME Technical Indicator Signal Analysis
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 MEME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEME is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MEME 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 MEME is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MEME is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 62.41 | NEUTRAL | The RSI value for MEME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests MEME has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.46 | NEUTRAL | The Stochastics value for MEME is a neutral value. |
| Average True Range in percent/ATR (20) | 4.91 | MEDIUM VOLATILITY | The ATR as a percentage value for MEME suggests some volalility. |
| Average Directional Index/ADX (14) | 23.52 | NEUTRAL | The ADX value for MEME suggests a possible start of a new trend. |
MEME Chart- and CandleStick Pattern Analysis
MEME Technicals: Chart, Performance Metrics, Trend & Indicators
8.72
+0.33 (+3.93%)
ROUNDHILL MEME STOCK ETF / MEME TA FAQ
What is the technical rating for MEME stock?
ChartMill assigns a technical rating of 7 / 10 to MEME.
What is the trend direction for MEME stock?
The current trend direction for ROUNDHILL MEME STOCK ETF (MEME) is Bullish.
What is the RSI signal for ROUNDHILL MEME STOCK ETF (MEME) stock?
ROUNDHILL MEME STOCK ETF (MEME) has an RSI value of 62.4061. This indicates that the stock is currently neutral.
What is the short term momentum for ROUNDHILL MEME STOCK ETF (MEME) stock?
The short term momentum for ROUNDHILL MEME STOCK ETF (MEME) is positive.
What is the support and resistance level for MEME stock?
ROUNDHILL MEME STOCK ETF (MEME) has a support level at 8.12 and a resistance level at 8.99. Check the full technical report for our detailed analysis of MEME support and resistance levels.