ROUNDHILL MEME STOCK ETF (MEME) Technical Analysis
NYSEARCA:MEME • US77926X8175
Current stock price
MEME Technical Rating and Analysis
Overall MEME gets a technical rating of 1 out of 10. MEME performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, MEME is a bad performer in the overall market: 100% of all stocks are doing better.
- In the last month MEME has a been trading in the 5.65 - 7.13 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Considerably lower volume is observed in the last couple of days.
MEME Weekly and Daily overview Charts
MEME Setup Rating and Analysis
The technical rating of MEME is bad and it also does not present a 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
5.68
2 important support areas can be observed.
- Support @6.08 from a horizontal line in the weekly time frame.
- Support @5.74 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @6.19 from a trend line in the weekly time frame.
- A resistance zone ranging from 6.50 to 6.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.72 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 6.86 to 7.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | DOWN | NEGATIVE | The short term trend for MEME is down. |
| 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) | DOWN | NEGATIVE | The current price of MEME is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MEME is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 42.99 | NEUTRAL | The RSI value for MEME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests MEME has a negative trend. |
| Stochastics (14,3) | 16.27 | OVERSOLD | The low Stochastics value suggests MEME may be oversold. |
| Average True Range in percent/ATR (20) | 5.78 | HIGH VOLATILITY | The high ATR as a percentage value for MEME suggests high volalility. |
| Average Directional Index/ADX (14) | 23.9 | 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
6.18
+0.43 (+7.48%)
ROUNDHILL MEME STOCK ETF / MEME TA FAQ
What is the technical rating for MEME stock?
ChartMill assigns a technical rating of 1 / 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 42.9892. 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 negative.
What is the support and resistance level for MEME stock?
ROUNDHILL MEME STOCK ETF (MEME) has a support level at 6.08 and a resistance level at 6.19. Check the full technical report for our detailed analysis of MEME support and resistance levels.