GRANITE 2X LONG QCOM ETF (QCML) Stock Technical Analysis
USA - NASDAQ:QCML - US38747R5871 - ETF
We assign a technical rating of 7 out of 10 to QCML. Although QCML is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although QCML has an excellent technical rating, it does not present a decent entry opportunity 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
16.38
2 important support areas can be observed.
- A support zone ranging from 18.13 to 18.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.55 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 QCML is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for QCML is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | QCML 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 QCML is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QCML is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 56.42 | NEUTRAL | The RSI value for QCML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests QCML has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.03 | NEUTRAL | The Stochastics value for QCML is a neutral value. |
| Average True Range in percent/ATR (20) | 7.01 | HIGH VOLATILITY | The high ATR as a percentage value for QCML suggests high volalility. |
| Average Directional Index/ADX (14) | 32.71 | POSITIVE | The high ADX value value for QCML suggests a strong trend. |
23.04
-0.64 (-2.7%)
GRANITE 2X LONG QCOM ETF / QCML FAQ
What is the ChartMill technical rating of GRANITE 2X LONG QCOM ETF (QCML) stock?
ChartMill assigns a technical rating of 7 / 10 to QCML.
What is the trend direction for QCML stock?
The current trend direction for GRANITE 2X LONG QCOM ETF (QCML) is Bullish.
What is the RSI signal for QCML stock?
GRANITE 2X LONG QCOM ETF (QCML) has an RSI value of 56.4189. This indicates that the stock is currently neutral.
What is the short term momentum for QCML stock?
The short term momentum for GRANITE 2X LONG QCOM ETF (QCML) is positive.
What is the buy/sell signal for QCML stock?
The buy/sell signal for GRANITE 2X LONG QCOM ETF (QCML) is buy as both the short term and long term trends are positive.