TEMA AMERICAN RESHORING ETF (RSHO) Stock Technical Analysis
NYSEARCA:RSHO - NYSE Arca - US87975E6023 - ETF - Currency: USD
Taking everything into account, RSHO scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RSHO is only an average performer.
Warning: RSHO has an average volume of 17824 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
RSHO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month RSHO has a been trading in the 38.12 - 41.40 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, RSHO did better than 75% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Volume is considerably higher in the last couple of days.
Although RSHO has an excellent technical rating, the quality of the presented setup is not ideal 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
31.89
42.07
We found 4 important support areas.
- A support zone ranging from 40.17 to 40.90. 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 38.43 to 38.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.17 to 37.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @32.21 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 41.44 to 41.65. 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 RSHO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RSHO is up. |
| ChartMill Relative Strength | 75.93 | POSITIVE | RSHO has a high relative strength, it outperformed 75.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RSHO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RSHO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RSHO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.29 | NEUTRAL | The RSI value for RSHO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RSHO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.91 | OVERBOUGHT | The high Stochastics value suggests RSHO may be overbought. |
| Average True Range in percent/ATR (20) | 1.35 | LOW VOLATILITY | The low ATR as a percentage value for RSHO suggests low volalility. |
| Average Directional Index/ADX (14) | 32.46 | POSITIVE | The high ADX value value for RSHO 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 |
|---|---|---|---|
| 41.66 | 40.16 | 1.50 (3.60%) | 25.00% |
| An entry @41.66. This is a Buy Stop order right above the resistance zone. | An exit @40.16. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.50 points, which is 3.60%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.90%. |
- 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.
41.2221
+0.42 (+1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.03%
1 Week2.21%
2 Weeks2.44%
1 Month8.37%
3 Month21.6%
6 Month3.29%
12 Month11.99%
2 Year39.47%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%1.35%
ATR Inc14.85%
Range Today0.59
ADR(20)0.51
ADR(20)%1.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.93
Mansfield0.18
10 Day High41.4
10 Day Low39.85
20 Day High41.4
20 Day Low38.12
52 Week High41.82
52 Week Low29.42
CS1 End40.9
CR1 Start41.44
Volume & EV
DER(3)0.36%
DER(5)1.87%
Volume4.94K
Volume Incr54.43%
Vol(5)29.87K
Vol(50)17.82K