Defiance Digital Revolution ETF (NFTZ) Stock Technical Analysis
USA - NYSEARCA:NFTZ - US26922B8164 - ETF
Overall NFTZ gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, NFTZ is a bad performer.
Besides having an excellent technical rating, NFTZ also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 6.33, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NFTZ in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.70
2 important support areas can be observed.
- A support zone ranging from 6.30 to 6.33. 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 5.76 to 5.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.51 to 6.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NFTZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFTZ is up. |
| ChartMill Relative Strength | 26.9 | NEGATIVE | NFTZ has a low relative strength, it was outperformed by 73.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NFTZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NFTZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NFTZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.36 | NEUTRAL | The RSI value for NFTZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NFTZ has a negative trend. |
| Stochastics (14,3) | 60.5 | NEUTRAL | The Stochastics value for NFTZ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.02 | MEDIUM VOLATILITY | The ATR as a percentage value for NFTZ suggests some volalility. |
| Average Directional Index/ADX (14) | 28.94 | POSITIVE | The high ADX value value for NFTZ suggests a strong 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 |
|---|---|---|---|
| 6.69 | 6.29 | 0.40 (5.98%) | 16.73% |
| An entry @6.69. This is a Buy Stop order right above the resistance zone. | An exit @6.29. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.40 points, which is 5.98%. | When investing 16.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
Defiance Digital Revolution ETF
NYSEARCA:NFTZ (2/27/2023, 8:06:19 PM)
After market: 6.4 +0.02 (+0.23%)6.385
+0.02 (+0.32%)
Defiance Digital Revolution ETF / NFTZ FAQ
Can you provide the ChartMill technical rating for Defiance Digital Revolution ETF?
ChartMill assigns a technical rating of 7 / 10 to NFTZ.
Can you provide the trend direction for Defiance Digital Revolution ETF?
The current trend direction for Defiance Digital Revolution ETF (NFTZ) is Bullish.
What is the RSI signal for NFTZ stock?
Defiance Digital Revolution ETF (NFTZ) has an RSI value of 57.361. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Defiance Digital Revolution ETF?
The MACD indicator for Defiance Digital Revolution ETF (NFTZ) has a value of -0.0358407, indicating a bearish trend.
Can you provide the support and resistance levels for Defiance Digital Revolution ETF?
Defiance Digital Revolution ETF (NFTZ) has a support level at 6.33 and a resistance level at 6.51. Check the full technical report for our detailed analysis of NFTZ support and resistance levels.