ETRACS 2X MOMNTM FACTR TR (MTUL) Stock Technical Analysis
NYSEARCA:MTUL - NYSE Arca - US90278V6020 - ETF - Currency: USD
Overall MTUL gets a technical rating of 8 out of 10. In the last year, MTUL was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
MTUL has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 33.15, a Stop Loss order could be placed below this zone.
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22.60
4 important support areas can be observed.
- A support zone ranging from 33.15 to 33.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.32 from a horizontal line in the daily time frame.
- Support @24.26 from a trend line in the weekly time frame.
- Support @22.83 from a horizontal 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 | UP | POSITIVE | The long term trend for MTUL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTUL is up. |
| ChartMill Relative Strength | 83.13 | POSITIVE | MTUL has a high relative strength, it outperformed 83.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MTUL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MTUL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MTUL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.61 | NEUTRAL | The RSI value for MTUL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests MTUL has a negative trend. |
| Stochastics (14,3) | 16.42 | OVERSOLD | The low Stochastics value suggests MTUL may be oversold. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for MTUL suggests low volalility. |
| Average Directional Index/ADX (14) | 20.39 | NEUTRAL | The ADX value for MTUL suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 33.59 | 33.14 | 0.45 (1.34%) | 25.00% |
| An entry @33.59. This is a Buy Stop order right above the 10 day moving average. | An exit @33.14. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.45 points, which is 1.34%. | For a 0.34% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MTUL. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NYSEARCA:MTUL (6/18/2025, 4:10:00 PM)
33.1554
-0.15 (-0.44%)