SPROTT CRITICAL MATERIALS ET (SETM) Stock Technical Analysis
NASDAQ:SETM - US85208P4028 - ETF
22.09 USD
-0.17 (-0.76%)
21.802 USD
-0.29 (-1.3%)
Taking everything into account, SETM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SETM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, SETM did better than 88% of all other stocks.
SETM 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 SETM has a been trading in the 19.84 - 22.32 range, which is quite wide. It is currently trading near the high of this range.
Besides having an excellent technical rating, SETM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 21.81, a Stop Loss order could be placed below this zone.
More info and screens
19.83
22.48
We found 2 important support areas.
- A support zone ranging from 20.76 to 21.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 20.03 to 20.07. 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 22.10 to 22.26. 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 SETM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SETM is up. |
| ChartMill Relative Strength | 88.22 | POSITIVE | SETM has a high relative strength, it outperformed 88.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SETM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SETM is above 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) | 63.38 | NEUTRAL | The RSI value for SETM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SETM has a negative trend. |
| Stochastics (14,3) | 92.8 | OVERBOUGHT | The high Stochastics value suggests SETM may be overbought. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for SETM suggests some volalility. |
| Average Directional Index/ADX (14) | 31.24 | POSITIVE | The high ADX value value for SETM 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 |
|---|---|---|---|
| 22.27 | 21.19 | 1.08 (4.85%) | 20.63% |
| An entry @22.27. This is a Buy Stop order right above the resistance zone. | An exit @21.19. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.08 points, which is 4.85%. | For a 1.00% total portfolio risk, you can invest 20.63% of your capital in this trade. |
- 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.
22.09
-0.17 (-0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.76%
1 Week1.61%
2 Weeks3.81%
1 Month4.35%
3 Month33.72%
6 Month44.95%
12 Month39.37%
2 Year22.45%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.51
ATR(20)%2.28%
ATR Inc-43.58%
Range Today0.29
ADR(20)0.46
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.22
Mansfield1.94
10 Day High22.32
10 Day Low21.2
20 Day High22.32
20 Day Low19.84
52 Week High22.32
52 Week Low11.48
CS1 End21.81
CR1 Start22.1
Volume & EV
DER(3)-0.67%
DER(5)-1.87%
Volume65.30K
Volume Incr-27.09%
Vol(5)55.01K
Vol(50)56.40K