GRANITE 2X LONG MRVL ETF (MVLL) Stock Technical Analysis
NASDAQ:MVLL - Nasdaq - US38747R5202 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to MVLL. MVLL performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
100% of all other stocks performed better in the past year than MVLL.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
In the last month MVLL has a been trading in the 11.73 - 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.
MVLL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.29
17.69
2 important support areas can be observed.
- Support @15.01 from a trend line in the daily time frame.
- Support @14.43 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @16.38 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 | NEUTRAL | NEUTRAL | The short term trend for MVLL is neutral. |
| 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) | 54.23 | NEUTRAL | The RSI value for MVLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests MVLL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.82 | NEUTRAL | The Stochastics value for MVLL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.99 | HIGH VOLATILITY | The high ATR as a percentage value for MVLL suggests high volalility. |
| Average Directional Index/ADX (14) | 11.84 | 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)
16.36
+1.62 (+10.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg10.99%
1 Week3.35%
2 Weeks-2.56%
1 Month14.89%
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)1.62
ATR(20)%8.99%
ATR Inc7.75%
Range Today1.4
ADR(20)1.01
ADR(20)%6.17%
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 High18.11
10 Day Low14.22
20 Day High18.11
20 Day Low11.73
52 Week HighN/A
52 Week LowN/A
CS1 End15.01
CR1 Start16.38
Volume & EV
DER(3)0.95%
DER(5)-0.88%
Volume190.50K
Volume Incr40.14%
Vol(5)122.80K
Vol(50)64.89K