INVESCO GALAXY ETH ETF (QETH) Technical Analysis
NYSEARCA:QETH • US46148D1072
Overall QETH gets a technical rating of 0 out of 10. QETH'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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, QETH is a bad performer in the overall market: 82% of all stocks are doing better.
- QETH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so QETH is lagging the market.
- In the last month QETH has a been trading in the 17.99 - 21.93 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, QETH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for QETH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
18.31
2 important support areas can be observed.
- Support @19.14 from a horizontal line in the weekly time frame.
- A support zone ranging from 18.49 to 18.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 20.28 to 20.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.45 from a horizontal line in the daily time frame.
- A resistance zone ranging from 26.77 to 26.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @33.48 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 QETH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QETH is down. |
| ChartMill Relative Strength | 18.53 | NEGATIVE | QETH has a low relative strength, it was outperformed by 81.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of QETH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QETH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of QETH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.36 | NEUTRAL | The RSI value for QETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests QETH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.87 | NEUTRAL | The Stochastics value for QETH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.7 | HIGH VOLATILITY | The high ATR as a percentage value for QETH suggests high volalility. |
| Average Directional Index/ADX (14) | 28.44 | POSITIVE | The high ADX value value for QETH suggests a strong trend. |
QETH Technicals: Chart, Performance Metrics, Trend & Indicators
20.27
+0.56 (+2.84%)
INVESCO GALAXY ETH ETF / QETH FAQ
Can you provide the ChartMill technical rating for INVESCO GALAXY ETH ETF?
ChartMill assigns a technical rating of 0 / 10 to QETH.
What is the current trend direction of INVESCO GALAXY ETH ETF (QETH) stock?
The current trend direction for INVESCO GALAXY ETH ETF (QETH) is Bearish.
Can you provide the RSI signal for INVESCO GALAXY ETH ETF?
INVESCO GALAXY ETH ETF (QETH) has an RSI value of 44.3551. This indicates that the stock is currently neutral.
What is the MACD signal for QETH stock?
The MACD indicator for INVESCO GALAXY ETH ETF (QETH) has a value of 0.473227, indicating a bearish trend.
What is the short term momentum for INVESCO GALAXY ETH ETF (QETH) stock?
The short term momentum for INVESCO GALAXY ETH ETF (QETH) is negative.