T-REX 2X INVERSE NVIDIA DLY (NVDQ) Stock Technical Analysis
NYSEARCA:NVDQ - NYSE Arca - US26923N4887 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to NVDQ. NVDQ scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, NVDQ is a bad performer in the overall market: 98% of all stocks are doing better.
NVDQ is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month NVDQ has a been trading in the 1.63 - 2.08 range, which is quite wide. It is currently trading near the lows of this range.
NVDQ has an average volume of 40667800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NVDQ has a poor technical rating and the quality of the setup is also only medium 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
1.67
2.13
When analyzing the resistance we notice one important area.
- Resistance @2.11 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 NVDQ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NVDQ is down. |
| ChartMill Relative Strength | 2.35 | NEGATIVE | NVDQ has a low relative strength, it was outperformed by 97.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NVDQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NVDQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NVDQ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 31.83 | NEUTRAL | The RSI value for NVDQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests NVDQ has a positive trend. |
| Stochastics (14,3) | 10.74 | OVERSOLD | The low Stochastics value suggests NVDQ may be oversold. |
| Average True Range in percent/ATR (20) | 6.88 | HIGH VOLATILITY | The high ATR as a percentage value for NVDQ suggests high volalility. |
| Average Directional Index/ADX (14) | 28.56 | POSITIVE | The high ADX value value for NVDQ 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)
1.685
+0.03 (+1.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.51%
1 Week-1.17%
2 Weeks-12.01%
1 Month-19.38%
3 Month-45.29%
6 Month-52.27%
12 Month-68.97%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%6.88%
ATR Inc-37.17%
Range Today0.08
ADR(20)0.1
ADR(20)%6.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.35
Mansfield-5.9
10 Day High1.95
10 Day Low1.63
20 Day High2.08
20 Day Low1.63
52 Week High9.19
52 Week Low1.63
CS1 EndN/A
CR1 Start2.11
Volume & EV
DER(3)-0.91%
DER(5)-1.66%
Volume31.01M
Volume Incr-10.04%
Vol(5)30.16M
Vol(50)40.67M