GRANITE 2X LONG QCOM ETF (QCML) Stock Technical Analysis
NASDAQ:QCML - Nasdaq - US38747R5871 - ETF - Currency: USD
Taking everything into account, QCML scores 5 out of 10 in our technical rating. In the last year, QCML was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, QCML is a bad performer in the overall market: 100% of all stocks are doing better.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
In the last month QCML has a been trading in the 15.83 - 20.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
QCML has an average technical rating and it also does not offer a high quality setup 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
20.24
When analyzing the support we notice one important area.
- A support zone ranging from 16.55 to 16.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 18.98 to 19.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.79 to 20.04. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for QCML is neutral. |
| 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) | 51.54 | NEUTRAL | The RSI value for QCML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests QCML has a negative trend. |
| Stochastics (14,3) | 43.63 | NEUTRAL | The Stochastics value for QCML is a neutral value. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for QCML suggests some volalility. |
| Average Directional Index/ADX (14) | 14.22 | NEGATIVE | The low ADX value for QCML suggests a weak or negative 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)
18.405
+0.35 (+1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.91%
1 Week-3.03%
2 Weeks4.34%
1 Month7.57%
3 Month-7%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%4.23%
ATR Inc22.56%
Range Today0.8
ADR(20)0.64
ADR(20)%3.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High20.71
10 Day Low17.69
20 Day High20.71
20 Day Low15.83
52 Week HighN/A
52 Week LowN/A
CS1 End16.81
CR1 Start18.98
Volume & EV
DER(3)-6.16%
DER(5)-1.18%
Volume19.30K
Volume Incr-4.62%
Vol(5)24.46K
Vol(50)30.84K