Taking everything into account, RDTL scores 6 out of 10 in our technical rating. RDTL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
RDTL 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
48.16
When analyzing the support we can see 3 important areas.
- A support zone ranging from 54.51 to 55.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 51.80 to 52.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 48.65 to 48.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @56.16 from a horizontal line in the weekly time frame.
- Resistance @61.56 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 RDTL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RDTL is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | RDTL 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 RDTL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RDTL is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 56.88 | NEUTRAL | The RSI value for RDTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.61 | POSITIVE | The MACD value suggests RDTL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.69 | NEUTRAL | The Stochastics value for RDTL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.97 | HIGH VOLATILITY | The high ATR as a percentage value for RDTL suggests high volalility. |
| Average Directional Index/ADX (14) | 23.02 | NEUTRAL | The ADX value for RDTL suggests a possible start of a new trend. |
56.15
-4.58 (-7.54%)
GRANITE 2X LONG RDDT ETF / RDTL FAQ
What is the technical rating for RDTL stock?
ChartMill assigns a technical rating of 6 / 10 to RDTL.
What is the trend direction for RDTL stock?
The current trend direction for GRANITE 2X LONG RDDT ETF (RDTL) is Bullish.
Can you provide the RSI signal for GRANITE 2X LONG RDDT ETF?
GRANITE 2X LONG RDDT ETF (RDTL) has an RSI value of 56.8767. This indicates that the stock is currently neutral.
What is the short term momentum for RDTL stock?
The short term momentum for GRANITE 2X LONG RDDT ETF (RDTL) is positive.
What is the buy/sell signal for RDTL stock?
The buy/sell signal for GRANITE 2X LONG RDDT ETF (RDTL) is buy as both the short term and long term trends are positive.