DEFI DAILY TA 2X L RKLB ETF (RKLX) Technical Analysis
NASDAQ:RKLX • US88636R2224
Current stock price
RKLX Technical Rating and Analysis
Overall RKLX gets a technical rating of 2 out of 10. Although RKLX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- RKLX has an average volume of 2432020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, RKLX did better than 97% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- RKLX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RKLX is lagging the market.
- In the last month RKLX has a been trading in the 19.80 - 39.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
RKLX Weekly and Daily overview Charts
RKLX Setup Rating and Analysis
RKLX has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
RKLX Support and Resistance Analysis
21.01
2 important support areas can be observed.
- Support @24.55 from a trend line in the weekly time frame.
- Support @21.22 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 33.05 to 33.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @41.51 from a horizontal line in the daily time frame.
RKLX Technical Indicator Signal Analysis
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 RKLX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RKLX is neutral. |
| ChartMill Relative Strength | 97.91 | POSITIVE | RKLX has a high relative strength, it outperformed 97.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RKLX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RKLX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RKLX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.48 | NEUTRAL | The RSI value for RKLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.99 | POSITIVE | The MACD value suggests RKLX has a positive trend. |
| Stochastics (14,3) | 77.15 | NEUTRAL | The Stochastics value for RKLX is a neutral value. |
| Average True Range in percent/ATR (20) | 14.61 | HIGH VOLATILITY | The high ATR as a percentage value for RKLX suggests high volalility. |
| Average Directional Index/ADX (14) | 9.75 | NEGATIVE | The low ADX value for RKLX suggests a weak or negative trend. |
RKLX Chart- and CandleStick Pattern Analysis
RKLX Technicals: Chart, Performance Metrics, Trend & Indicators
33.04
+1.23 (+3.87%)
DEFI DAILY TA 2X L RKLB ETF / RKLX TA FAQ
Can you provide the ChartMill technical rating for DEFI DAILY TA 2X L RKLB ETF?
ChartMill assigns a technical rating of 2 / 10 to RKLX.
Can you provide the trend direction for DEFI DAILY TA 2X L RKLB ETF?
The current trend direction for DEFI DAILY TA 2X L RKLB ETF (RKLX) is Bearish.
What is the RSI signal for DEFI DAILY TA 2X L RKLB ETF (RKLX) stock?
DEFI DAILY TA 2X L RKLB ETF (RKLX) has an RSI value of 53.4792. This indicates that the stock is currently neutral.
What is the short term momentum for DEFI DAILY TA 2X L RKLB ETF (RKLX) stock?
The short term momentum for DEFI DAILY TA 2X L RKLB ETF (RKLX) is neutral.
Can you provide the support and resistance levels for DEFI DAILY TA 2X L RKLB ETF?
DEFI DAILY TA 2X L RKLB ETF (RKLX) has a support level at 24.55 and a resistance level at 33.05. Check the full technical report for our detailed analysis of RKLX support and resistance levels.