GRANITE 2X LONG RVIN ETF (RVNL) Stock Technical Analysis
USA - NASDAQ:RVNL - US38747R4700 - ETF
29.4757 USD
-0.16 (-0.55%)
30.11 USD
+0.63 (+2.15%)
Overall RVNL gets a technical rating of 1 out of 10. RVNL performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
100% of all other stocks performed better in the past year than RVNL.
In the last month RVNL has a been trading in the 28.19 - 45.29 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
The technical rating of RVNL is bad and it also does not present a quality setup 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
29.18
42.39
We found 1 important support area.
- Support @29.47 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 32.10 to 32.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @41.97 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 RVNL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RVNL is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | RVNL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RVNL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RVNL is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 36.81 | NEUTRAL | The RSI value for RVNL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.4 | NEGATIVE | The MACD value suggests RVNL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.09 | OVERSOLD | The low Stochastics value suggests RVNL may be oversold. |
| Average True Range in percent/ATR (20) | 12.15 | HIGH VOLATILITY | The high ATR as a percentage value for RVNL suggests high volalility. |
| Average Directional Index/ADX (14) | 21.37 | NEUTRAL | The ADX value for RVNL suggests a possible start of a new 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)
29.4757
-0.16 (-0.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.55%
1 Week-6.61%
2 Weeks-31.67%
1 Month-14.73%
3 Month-8%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.43
ATR(20)%12.15%
ATR Inc-69.96%
Range Today1.15
ADR(20)3.34
ADR(20)%11.34%
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 High45.29
10 Day Low28.39
20 Day High45.29
20 Day Low28.19
52 Week HighN/A
52 Week LowN/A
CS1 End29.47
CR1 Start32.1
Volume & EV
DER(3)-0.69%
DER(5)0.44%
Volume80.50K
Volume Incr-9.17%
Vol(5)67.89K
Vol(50)49.48K