INVESCO GALAXY ETH ETF (QETH) Stock Technical Analysis
USA - NYSEARCA:QETH - US46148D1072 - ETF
40.19 USD
+1.2 (+3.08%)
40.07 USD
-0.12 (-0.3%)
We assign a technical rating of 7 out of 10 to QETH. In the last year, QETH was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month QETH has a been trading in the 38.17 - 46.61 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
When comparing the yearly performance of all stocks, we notice that QETH is one of the better performing stocks in the market, outperforming 92% of all stocks.
QETH is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so QETH is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although QETH 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
34.12
47.82
When analyzing the support we can see 2 important areas.
- A support zone ranging from 38.98 to 39.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.46 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 45.43 to 45.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @47.35 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 QETH is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QETH is down. |
| ChartMill Relative Strength | 92.55 | POSITIVE | QETH has a high relative strength, it outperformed 92.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QETH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of QETH is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of QETH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.44 | NEUTRAL | The RSI value for QETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.81 | NEGATIVE | The MACD value suggests QETH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.12 | OVERSOLD | The low Stochastics value suggests QETH may be oversold. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for QETH suggests some volalility. |
| Average Directional Index/ADX (14) | 24.79 | NEUTRAL | The ADX value for QETH suggests a possible start of a new 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)
40.19
+1.2 (+3.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.08%
1 Week-9.26%
2 Weeks-13.77%
1 Month-9.22%
3 Month66.76%
6 Month115.27%
12 Month48.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.57
ATR(20)%3.98%
ATR Inc73.5%
Range Today1.59
ADR(20)1.11
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.55
Mansfield2.3
10 Day High46.28
10 Day Low38.17
20 Day High46.61
20 Day Low38.17
52 Week High48.44
52 Week Low14.54
CS1 End39.31
CR1 Start45.43
Volume & EV
DER(3)-2.27%
DER(5)-1.63%
Volume133.00K
Volume Incr-45.86%
Vol(5)78.38K
Vol(50)107.56K