We assign a technical rating of 3 out of 10 to METV. METV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- METV 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 METV is lagging the market slightly.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, METV outperforms 67% of them, which is more or less in line with the market.
- In the last month METV has a been trading in the 18.34 - 19.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
METV 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.
More info and screens
12.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.30 to 18.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.80 from a trend line in the weekly time frame.
- Support @12.14 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 19.12 to 19.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @19.64 from a horizontal line in the daily time frame.
- A resistance zone ranging from 20.95 to 21.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for METV is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for METV is neutral. |
| ChartMill Relative Strength | 67.1 | NEUTRAL | METV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of METV is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of METV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of METV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.82 | NEUTRAL | The RSI value for METV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests METV has a negative trend. |
| Stochastics (14,3) | 45.84 | NEUTRAL | The Stochastics value for METV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for METV suggests low volalility. |
| Average Directional Index/ADX (14) | 18.25 | NEGATIVE | The low ADX value for METV suggests a weak or negative trend. |
18.87
+0.26 (+1.4%)
ROUNDHILL BALL METAVERSE ETF / METV FAQ
Can you provide the ChartMill technical rating for ROUNDHILL BALL METAVERSE ETF?
ChartMill assigns a technical rating of 3 / 10 to METV.
Can you provide the trend direction for ROUNDHILL BALL METAVERSE ETF?
The current trend direction for ROUNDHILL BALL METAVERSE ETF (METV) is Bearish.
What is the RSI signal for METV stock?
ROUNDHILL BALL METAVERSE ETF (METV) has an RSI value of 43.8176. This indicates that the stock is currently neutral.
What is the short term momentum for METV stock?
The short term momentum for ROUNDHILL BALL METAVERSE ETF (METV) is neutral.