DXN DAILY NVDA BEAR 1X (NVDD) Stock Technical Analysis
NASDAQ:NVDD - Nasdaq - US25461A7000 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to NVDD. NVDD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
96% of all other stocks performed better in the past year than NVDD.
NVDD is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month NVDD has a been trading in the 4.63 - 5.37 range, which is quite wide. It is currently trading near the lows of this range.
NVDD has an average volume of 13698000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NVDD has a poor technical rating and the quality of the setup is also not perfect 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
4.75
7.04
We can see 2 important resistance areas.
- A resistance zone ranging from 4.92 to 4.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.97 from a trend 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 | DOWN | NEGATIVE | The long term trend for NVDD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVDD is down. |
| ChartMill Relative Strength | 4.4 | NEGATIVE | NVDD has a low relative strength, it was outperformed by 95.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVDD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVDD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVDD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.81 | NEUTRAL | The RSI value for NVDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests NVDD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.17 | OVERSOLD | The low Stochastics value suggests NVDD may be oversold. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for NVDD suggests some volalility. |
| Average Directional Index/ADX (14) | 40.54 | POSITIVE | The high ADX value value for NVDD suggests a strong 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)
4.8
+0.14 (+3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3%
1 Week-3.61%
2 Weeks-6.43%
1 Month-11.11%
3 Month-42.24%
6 Month-19.87%
12 Month-38.22%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%2.73%
ATR Inc9.04%
Range Today0.16
ADR(20)0.11
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.4
Mansfield-3.33
10 Day High5.23
10 Day Low4.63
20 Day High5.37
20 Day Low4.63
52 Week High10.11
52 Week Low4.63
CS1 EndN/A
CR1 Start5.23
Volume & EV
DER(3)-2.51%
DER(5)-0.96%
Volume18.66M
Volume Incr4.35%
Vol(5)13.60M
Vol(50)13.70M