INVESCO GALAXY ETH ETF (QETH) Stock Technical Analysis
NYSEARCA:QETH - US46148D1072 - ETF
44.67 USD
+2.05 (+4.81%)
43.89 USD
-0.78 (-1.75%)
Taking everything into account, QETH scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, QETH has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that QETH is one of the better performing stocks in the market, outperforming 96% 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.
In the last month QETH has a been trading in the 35.74 - 48.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
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
31.28
48.75
When analyzing the support we can see 2 important areas.
- Support @42.61 from a horizontal line in the daily time frame.
- Support @31.60 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 48.27 to 48.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for QETH is up. |
| ChartMill Relative Strength | 96 | POSITIVE | QETH has a high relative strength, it outperformed 96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of QETH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of QETH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of QETH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.42 | NEUTRAL | The RSI value for QETH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests QETH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.32 | NEUTRAL | The Stochastics value for QETH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for QETH suggests high volalility. |
| Average Directional Index/ADX (14) | 36.73 | POSITIVE | The high ADX value value for QETH 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)
44.67
+2.05 (+4.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg4.81%
1 Week-2.66%
2 Weeks8.19%
1 Month25.37%
3 Month80.05%
6 Month107.67%
12 Month100.95%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.33
ATR(20)%5.11%
ATR Inc-27.49%
Range Today1.15
ADR(20)1.82
ADR(20)%4.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96
Mansfield4.39
10 Day High48.44
10 Day Low40.97
20 Day High48.44
20 Day Low35.74
52 Week High48.44
52 Week Low14.54
CS1 End42.61
CR1 Start48.27
Volume & EV
DER(3)3.08%
DER(5)0.61%
Volume113.30K
Volume Incr50.79%
Vol(5)148.60K
Vol(50)90.00K