GRANITE 2X LONG MRVL ETF (MVLL) Stock Technical Analysis
NASDAQ:MVLL - Nasdaq - US38747R5202 - ETF - Currency: USD
Taking everything into account, MVLL scores 4 out of 10 in our technical rating. In the last year, MVLL was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
100% of all other stocks performed better in the past year than MVLL.
The long and short term trends are both positive. This is looking good!
In the last month MVLL has a been trading in the 13.12 - 18.11 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, MVLL does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
14.21
17.69
2 important support areas can be observed.
- A support zone ranging from 14.84 to 14.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 14.35 to 14.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @16.75 from a horizontal line in the weekly time frame.
- Resistance @17.51 from a horizontal line 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 MVLL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MVLL is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | MVLL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MVLL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MVLL is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 54.77 | NEUTRAL | The RSI value for MVLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MVLL has a positive trend. |
| Stochastics (14,3) | 65.39 | NEUTRAL | The Stochastics value for MVLL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.23 | HIGH VOLATILITY | The high ATR as a percentage value for MVLL suggests high volalility. |
| Average Directional Index/ADX (14) | 13.08 | NEGATIVE | The low ADX value for MVLL 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)
16.74
-0.51 (-2.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.96%
1 Week3.14%
2 Weeks16.01%
1 Month29.47%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.6
ATR(20)%9.23%
ATR Inc33.13%
Range Today1.41
ADR(20)1.19
ADR(20)%7.08%
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 High18.01
10 Day Low13.57
20 Day High18.11
20 Day Low13.12
52 Week HighN/A
52 Week LowN/A
CS1 End14.95
CR1 Start16.75
Volume & EV
DER(3)-3.99%
DER(5)1.96%
Volume597.20K
Volume Incr167.42%
Vol(5)401.96K
Vol(50)124.39K