T-REX 2X INVERSE NVIDIA DLY (NVDQ) Stock Technical Analysis
NYSEARCA:NVDQ - US26923N4887 - ETF
1.04 USD
-0.04 (-3.7%)
1.05 USD
+0.01 (+0.96%)
Taking everything into account, NVDQ scores 0 out of 10 in our technical rating. NVDQ'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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, NVDQ is a bad performer in the overall market: 99% of all stocks are doing better.
NVDQ 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.
NVDQ has an average volume of 22973000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NVDQ has a been trading in the 0.98 - 1.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NVDQ 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.
More info and screens
0.97
1.10
We found 1 important support area.
- A support zone ranging from 0.98 to 0.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @1.09 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 | DOWN | NEGATIVE | The long term trend for NVDQ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NVDQ is neutral. |
| ChartMill Relative Strength | 1.43 | NEGATIVE | NVDQ has a low relative strength, it was outperformed by 98.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NVDQ is above 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) | 40.89 | NEUTRAL | The RSI value for NVDQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests NVDQ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.22 | NEUTRAL | The Stochastics value for NVDQ is a neutral value. |
| Average True Range in percent/ATR (20) | 5.5 | HIGH VOLATILITY | The high ATR as a percentage value for NVDQ suggests high volalility. |
| Average Directional Index/ADX (14) | 33.5 | 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)
1.04
-0.04 (-3.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.7%
1 Week1.96%
2 Weeks4%
1 Month-6.73%
3 Month-48.26%
6 Month-62.52%
12 Month-76.84%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%5.5%
ATR Inc17.48%
Range Today0.09
ADR(20)0.06
ADR(20)%5.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.43
Mansfield-6.84
10 Day High1.16
10 Day Low0.98
20 Day High1.16
20 Day Low0.98
52 Week High6.99
52 Week Low0.98
CS1 End0.99
CR1 Start1.09
Volume & EV
DER(3)-2.2%
DER(5)-0.4%
Volume19.83M
Volume Incr6.58%
Vol(5)23.34M
Vol(50)22.97M