GRANITE 2X LONG RDDT ETF (RDTL) Stock Technical Analysis
NASDAQ:RDTL - Nasdaq - US38747R4965 - ETF - Currency: USD
Taking everything into account, RDTL scores 2 out of 10 in our technical rating. RDTL performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, RDTL 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 gets the benefit of the doubt for now.
In the last month RDTL has a been trading in the 11.95 - 20.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, RDTL does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
12.39
19.25
2 important support areas can be observed.
- A support zone ranging from 17.16 to 17.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.52 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @18.47 from a trend line in the daily time frame.
- A resistance zone ranging from 19.06 to 19.06. 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 RDTL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RDTL is neutral. |
| 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) | DOWN | MIXED | The current price of RDTL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RDTL is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 52.32 | NEUTRAL | The RSI value for RDTL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests RDTL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.55 | NEUTRAL | The Stochastics value for RDTL is a neutral value. |
| Average True Range in percent/ATR (20) | 11.38 | HIGH VOLATILITY | The high ATR as a percentage value for RDTL suggests high volalility. |
| Average Directional Index/ADX (14) | 15.97 | NEGATIVE | The low ADX value for RDTL 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)
17.48
+0.32 (+1.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.86%
1 Week6.46%
2 Weeks11.34%
1 Month-18.36%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.8
ATR(20)%11.38%
ATR Inc9.47%
Range Today2.14
ADR(20)1.81
ADR(20)%10.33%
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 High19.25
10 Day Low14.98
20 Day High20.29
20 Day Low11.95
52 Week HighN/A
52 Week LowN/A
CS1 End17.47
CR1 Start18.47
Volume & EV
DER(3)-3.46%
DER(5)0.72%
Volume440.50K
Volume Incr-31.34%
Vol(5)476.18K
Vol(50)399.45K