Etracs 2X Mortgage REIT ETN (MORL) Technical Analysis
NYSEARCA:MORL
Current stock price
MORL Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to MORL. MORL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than MORL.
- MORL is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so MORL is lagging the market.
- In the last month MORL has a been trading in the 0.23 - 14.71 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
MORL Weekly and Daily overview Charts
MORL Setup Rating and Analysis
The technical rating of MORL 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
MORL Support and Resistance Analysis
0.24
We found 1 important resistance area.
- Resistance @13.66 from a horizontal line in the daily time frame.
MORL 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 | DOWN | NEGATIVE | The long term trend for MORL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MORL is down. |
| ChartMill Relative Strength | 0.13 | NEGATIVE | MORL has a low relative strength, it was outperformed by 99.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MORL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MORL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MORL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 11.83 | OVERSOLD | The low RSI value suggests MORL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.9 | NEGATIVE | The MACD value suggests MORL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 1.05 | OVERSOLD | The low Stochastics value suggests MORL may be oversold. |
| Average True Range in percent/ATR (20) | 579.94 | HIGH VOLATILITY | The high ATR as a percentage value for MORL suggests high volalility. |
MORL Chart- and CandleStick Pattern Analysis
MORL Technicals: Chart, Performance Metrics, Trend & Indicators
0.2389
-0.01 (-4.44%)
Etracs 2X Mortgage REIT ETN / MORL TA FAQ
What is the technical rating for MORL stock?
ChartMill assigns a technical rating of 0 / 10 to MORL.
What is the current trend direction of Etracs 2X Mortgage REIT ETN (MORL) stock?
The current trend direction for Etracs 2X Mortgage REIT ETN (MORL) is Bearish.
What is the RSI signal for MORL stock?
Etracs 2X Mortgage REIT ETN (MORL) has an RSI value of 11.8265. This indicates that the stock is currently oversold.
Can you provide the MACD signal for Etracs 2X Mortgage REIT ETN?
The MACD indicator for Etracs 2X Mortgage REIT ETN (MORL) has a value of -0.901884, indicating a bearish trend.
What is the buy/sell signal for Etracs 2X Mortgage REIT ETN (MORL) stock?
The buy/sell signal for Etracs 2X Mortgage REIT ETN (MORL) is sell as both the short term and long term trends are negative.