Viridi Bitcoin Miners ETF (RIGZ) Stock Technical Analysis
USA - NYSEARCA:RIGZ - US02072L7551 - ETF
3.75 USD
-0.01 (-0.27%)
Taking everything into account, RIGZ scores 0 out of 10 in our technical rating. RIGZ'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.
98% of all other stocks performed better in the past year than RIGZ.
RIGZ is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
RIGZ is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Warning: RIGZ has an average volume of 9758 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Although the technical rating is bad, RIGZ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for RIGZ 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
3.71
3.98
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.76 to 3.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.94 from a trend 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 RIGZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RIGZ is down. |
| ChartMill Relative Strength | 2.49 | NEGATIVE | RIGZ has a low relative strength, it was outperformed by 97.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RIGZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RIGZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RIGZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.22 | OVERSOLD | The low RSI value suggests RIGZ may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RIGZ has a positive trend. |
| Stochastics (14,3) | 8.81 | OVERSOLD | The low Stochastics value suggests RIGZ may be oversold. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for RIGZ suggests some volalility. |
| Average Directional Index/ADX (14) | 42.76 | POSITIVE | The high ADX value value for RIGZ 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)
NYSEARCA:RIGZ (1/4/2023, 8:04:02 PM)
3.75
-0.01 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.27%
1 Week0%
2 Weeks-4.39%
1 Month-22.52%
3 Month-49.58%
6 Month-58.02%
12 Month-85.54%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%4.35%
ATR Inc-50.69%
Range Today0.07
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.49
Mansfield-6.69
10 Day High4.08
10 Day Low3.66
20 Day High4.87
20 Day Low3.66
52 Week High28.09
52 Week Low3.66
CS1 EndN/A
CR1 Start3.76
Volume & EV
DER(3)3.11%
DER(5)0.26%
Volume13.40K
Volume Incr5.66%
Vol(5)11.94K
Vol(50)9.76K