We assign a technical rating of 1 out of 10 to METU. METU's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
METU has a poor technical rating and the quality of the setup is also not perfect 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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26.54
We found 1 important support area.
- A support zone ranging from 26.81 to 27.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @32.85 from a trend line in the daily time frame.
- A resistance zone ranging from 34.02 to 34.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.74 from a trend line in the daily time frame.
- Resistance @48.70 from a trend line 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 | DOWN | NEGATIVE | The long term trend for METU is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for METU is neutral. |
| ChartMill Relative Strength | 12.4 | NEGATIVE | METU has a low relative strength, it was outperformed by 87.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of METU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of METU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of METU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.04 | NEUTRAL | The RSI value for METU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.77 | POSITIVE | The MACD value suggests METU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78 | NEUTRAL | The Stochastics value for METU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.92 | MEDIUM VOLATILITY | The ATR as a percentage value for METU suggests some volalility. |
| Average Directional Index/ADX (14) | 25.52 | POSITIVE | The high ADX value value for METU suggests a strong trend. |
31.57
-0.77 (-2.38%)
DIREX DAILY META BULL 2X SHS / METU FAQ
Can you provide the ChartMill technical rating for DIREX DAILY META BULL 2X SHS?
ChartMill assigns a technical rating of 1 / 10 to METU.
What is the current trend direction of DIREX DAILY META BULL 2X SHS (METU) stock?
The current trend direction for DIREX DAILY META BULL 2X SHS (METU) is Bearish.
Can you provide the RSI signal for DIREX DAILY META BULL 2X SHS?
DIREX DAILY META BULL 2X SHS (METU) has an RSI value of 48.042. This indicates that the stock is currently neutral.
Can you provide the short term momentum for DIREX DAILY META BULL 2X SHS?
The short term momentum for DIREX DAILY META BULL 2X SHS (METU) is neutral.
What is the support and resistance level for METU stock?
DIREX DAILY META BULL 2X SHS (METU) has a support level at 27.19 and a resistance level at 32.85. Check the full technical report for our detailed analysis of METU support and resistance levels.