DEFI DAILY TA 2X L RKLB ETF (RKLX) Stock Technical Analysis
NASDAQ:RKLX - Nasdaq - US88636R2224 - ETF - Currency: USD
Overall RKLX gets a technical rating of 6 out of 10. In the last year, RKLX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
When comparing the yearly performance of all stocks, RKLX is a bad performer in the overall market: 100% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month RKLX has a been trading in the 63.30 - 122.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
RKLX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for RKLX 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
43.14
84.80
When analyzing the support we can see 2 important areas.
- Support @81.35 from a horizontal line in the daily time frame.
- Support @43.58 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 | UP | POSITIVE | The long term trend for RKLX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RKLX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | RKLX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RKLX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RKLX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 53.08 | NEUTRAL | The RSI value for RKLX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.26 | NEGATIVE | The MACD value suggests RKLX has a negative trend. |
| Stochastics (14,3) | 18.76 | OVERSOLD | The low Stochastics value suggests RKLX may be oversold. |
| Average True Range in percent/ATR (20) | 13.57 | HIGH VOLATILITY | The high ATR as a percentage value for RKLX suggests high volalility. |
| Average Directional Index/ADX (14) | 34.08 | POSITIVE | The high ADX value value for RKLX 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 89.79 | 81.34 | 8.45 (9.41%) | 10.63% |
| An entry @89.79. This is a Buy Stop order right above the 10 day moving average. | An exit @81.34. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.45 points, which is 9.41%. | When investing 10.63% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RKLX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
83.96
+0.75 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.9%
1 Week3.21%
2 Weeks-10.63%
1 Month26.41%
3 Month296.41%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)12.36
ATR(20)%13.57%
ATR Inc-44.79%
Range Today7.81
ADR(20)11.14
ADR(20)%13.27%
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 High104.12
10 Day Low75
20 Day High122.58
20 Day Low63.3
52 Week HighN/A
52 Week LowN/A
CS1 End81.35
CR1 StartN/A
Volume & EV
DER(3)5.07%
DER(5)1.85%
Volume121.96K
Volume Incr-36.87%
Vol(5)230.50K
Vol(50)355.91K