GRANITE 2X LONG MARA ETF (MRAL) Technical Analysis
NASDAQ:MRAL • US38747R5384
Current stock price
MRAL Technical Rating and Analysis
Taking everything into account, MRAL scores 0 out of 10 in our technical rating. MRAL'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 97% of all other stocks performed better in the past year than MRAL.
- MRAL is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so MRAL is lagging the market.
- In the last month MRAL has a been trading in the 2.51 - 4.43 range, which is quite wide. It is currently trading near the lows of this range.
- MRAL has an average volume of 1642920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MRAL Weekly and Daily overview Charts
MRAL Setup Rating and Analysis
MRAL has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
MRAL Support and Resistance Analysis
2.63
When analyzing the support we notice one important area.
- Support @2.66 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.24 to 3.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.44 from a trend line in the daily time frame.
- A resistance zone ranging from 3.59 to 3.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
MRAL 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 MRAL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRAL is down. |
| ChartMill Relative Strength | 3.63 | NEGATIVE | MRAL has a low relative strength, it was outperformed by 96.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRAL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MRAL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MRAL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.6 | NEUTRAL | The RSI value for MRAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MRAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.19 | NEUTRAL | The Stochastics value for MRAL is a neutral value. |
| Average True Range in percent/ATR (20) | 16.74 | HIGH VOLATILITY | The high ATR as a percentage value for MRAL suggests high volalility. |
| Average Directional Index/ADX (14) | 12.13 | NEGATIVE | The low ADX value for MRAL suggests a weak or negative trend. |
MRAL Chart- and CandleStick Pattern Analysis
MRAL Technicals: Chart, Performance Metrics, Trend & Indicators
3.23
+0.44 (+15.77%)
GRANITE 2X LONG MARA ETF / MRAL TA FAQ
What is the ChartMill technical rating of GRANITE 2X LONG MARA ETF (MRAL) stock?
ChartMill assigns a technical rating of 0 / 10 to MRAL.
What is the current trend direction of GRANITE 2X LONG MARA ETF (MRAL) stock?
The current trend direction for GRANITE 2X LONG MARA ETF (MRAL) is Bearish.
Can you provide the RSI signal for GRANITE 2X LONG MARA ETF?
GRANITE 2X LONG MARA ETF (MRAL) has an RSI value of 48.5978. This indicates that the stock is currently neutral.
What is the buy/sell signal for MRAL stock?
The buy/sell signal for GRANITE 2X LONG MARA ETF (MRAL) is sell as both the short term and long term trends are negative.
What is the support and resistance level for MRAL stock?
GRANITE 2X LONG MARA ETF (MRAL) has a support level at 2.66 and a resistance level at 3.24. Check the full technical report for our detailed analysis of MRAL support and resistance levels.