GRANITE 2X LONG MARA ETF (MRAL) Stock Technical Analysis
NASDAQ:MRAL - Nasdaq - US38747R5384 - ETF - Currency: USD
Taking everything into account, MRAL scores 3 out of 10 in our technical rating. In the last year, MRAL was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
100% of all other stocks performed better in the past year than MRAL.
In the last month MRAL has a been trading in the 16.15 - 25.30 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 short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
The technical rating of MRAL 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
16.43
19.75
When analyzing the support we notice one important area.
- A support zone ranging from 16.60 to 16.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 19.07 to 19.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | UP | POSITIVE | The long term trend for MRAL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MRAL is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | MRAL 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 MRAL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MRAL is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 42.29 | NEUTRAL | The RSI value for MRAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests MRAL has a negative trend. |
| Stochastics (14,3) | 13.86 | OVERSOLD | The low Stochastics value suggests MRAL may be oversold. |
| Average True Range in percent/ATR (20) | 14.78 | HIGH VOLATILITY | The high ATR as a percentage value for MRAL suggests high volalility. |
| Average Directional Index/ADX (14) | 17.57 | NEGATIVE | The low ADX value for MRAL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
16.61
-0.59 (-3.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.43%
1 Week-18.7%
2 Weeks-9.23%
1 Month-23.24%
3 Month6.19%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.12
ATR(20)%14.78%
ATR Inc-35.02%
Range Today1.75
ADR(20)2.26
ADR(20)%13.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High22.9
10 Day Low16.15
20 Day High25.3
20 Day Low16.15
52 Week HighN/A
52 Week LowN/A
CS1 End16.6
CR1 Start19.07
Volume & EV
DER(3)1.76%
DER(5)3.54%
Volume207.20K
Volume Incr-32.55%
Vol(5)225.76K
Vol(50)224.37K