Roundhill Meme ETF (MEME) Stock Technical Analysis
USA - NYSEARCA:MEME - US53656F1369 - ETF
38.51 USD
-0.08 (-0.21%)
Taking everything into account, MEME scores 10 out of 10 in our technical rating. In the last year, MEME was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Warning: MEME has an average volume of 2174 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.
Looking at the yearly performance, MEME did better than 84% of all other stocks. We also observe that the gains produced by MEME over the past year are nicely spread over this period.
MEME is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MEME is lagging the market slightly.
In the last month MEME has a been trading in the 31.08 - 39.10 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
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
28.76
41.63
When analyzing the support we notice one important area.
- A support zone ranging from 29.05 to 29.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 40.96 to 41.22. This zone is formed by a combination of multiple trend lines in the weekly 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 MEME is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MEME is up. |
| ChartMill Relative Strength | 84.2 | POSITIVE | MEME has a high relative strength, it outperformed 84.2% 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). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MEME is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.49 | OVERBOUGHT | The high RSI value suggests MEME may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests MEME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.89 | OVERBOUGHT | The high Stochastics value suggests MEME may be overbought. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for MEME suggests some volalility. |
| Average Directional Index/ADX (14) | 34.23 | POSITIVE | The high ADX value value for MEME suggests a strong 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:MEME (12/12/2023, 8:04:02 PM)
38.51
-0.08 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.21%
1 Week3.14%
2 Weeks10.55%
1 Month28.69%
3 Month10.79%
6 Month8.23%
12 Month40.58%
2 Year-45.22%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.96
ATR(20)%2.59%
ATR Inc-66.98%
Range Today0.07
ADR(20)0.71
ADR(20)%1.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.2
Mansfield0.79
10 Day High39.1
10 Day Low34.96
20 Day High39.1
20 Day Low31.08
52 Week High43.2
52 Week Low24.38
CS1 End29.32
CR1 Start40.96
Volume & EV
DER(3)2.53%
DER(5)0.26%
Volume1.80K
Volume Incr-12.56%
Vol(5)2.96K
Vol(50)2.17K