SPROTT CRITICAL MATERIALS ET (SETM) Stock Technical Analysis
USA - NASDAQ:SETM - US85208P4028 - ETF
Overall SETM gets a technical rating of 7 out of 10. In the last year, SETM was one of the better performers, but we do observe some doubts in the very recent evolution.
Although SETM has an excellent technical rating, it does not offer a high 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.
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23.99
When analyzing the support we notice one important area.
- A support zone ranging from 24.23 to 24.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 26.93 to 27.46. This zone is formed by a combination of multiple trend lines and important moving averages 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 SETM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SETM is neutral. |
| ChartMill Relative Strength | 87.31 | POSITIVE | SETM has a high relative strength, it outperformed 87.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SETM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SETM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SETM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.12 | NEUTRAL | The RSI value for SETM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests SETM has a negative trend. |
| Stochastics (14,3) | 15.93 | OVERSOLD | The low Stochastics value suggests SETM may be oversold. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for SETM suggests high volalility. |
| Average Directional Index/ADX (14) | 25.25 | POSITIVE | The high ADX value value for SETM suggests a strong trend. |
24.36
-1.16 (-4.55%)
SPROTT CRITICAL MATERIALS ET / SETM FAQ
What is the ChartMill technical rating of SPROTT CRITICAL MATERIALS ET (SETM) stock?
ChartMill assigns a technical rating of 7 / 10 to SETM.
Can you provide the trend direction for SPROTT CRITICAL MATERIALS ET?
The current trend direction for SPROTT CRITICAL MATERIALS ET (SETM) is Bullish.
Can you provide the RSI signal for SPROTT CRITICAL MATERIALS ET?
SPROTT CRITICAL MATERIALS ET (SETM) has an RSI value of 41.1239. This indicates that the stock is currently neutral.
What is the short term momentum for SPROTT CRITICAL MATERIALS ET (SETM) stock?
The short term momentum for SPROTT CRITICAL MATERIALS ET (SETM) is neutral.