MICROSECTORS GOLD 3X LEV ETN (SHNY) Stock Technical Analysis
NYSEARCA:SHNY - NYSE Arca - US0636795264 - ETF - Currency: USD
Overall SHNY gets a technical rating of 6 out of 10. In the last year, SHNY was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that SHNY is one of the better performing stocks in the market, outperforming 91% of all stocks.
SHNY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHNY is lagging the market slightly.
In the last month SHNY has a been trading in the 66.87 - 80.67 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.
Although the technical rating is only medium, SHNY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 71.13, a Stop Loss order could be placed below this zone.
More info and screens
48.86
80.41
When analyzing the support we can see 4 important areas.
- A support zone ranging from 70.33 to 71.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.04 to 68.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.54 from a trend line in the weekly time frame.
- Support @49.35 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @77.57 from a trend line in the daily time frame.
- A resistance zone ranging from 79.61 to 79.61. 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 SHNY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHNY is neutral. |
| ChartMill Relative Strength | 91.62 | POSITIVE | SHNY has a high relative strength, it outperformed 91.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHNY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SHNY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHNY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.62 | NEUTRAL | The RSI value for SHNY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests SHNY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.06 | NEUTRAL | The Stochastics value for SHNY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for SHNY suggests some volalility. |
| Average Directional Index/ADX (14) | 9.01 | NEGATIVE | The low ADX value for SHNY suggests a weak or negative 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 |
|---|---|---|---|
| 77.58 | 70.32 | 7.26 (9.36%) | 10.69% |
| An entry @77.58. This is a Buy Stop order right above the resistance zone. | An exit @70.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.26 points, which is 9.36%. | For a 1.00% total portfolio risk, you can invest 10.69% 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.
72.62
+1.72 (+2.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.43%
1 Week1.03%
2 Weeks0.83%
1 Month-1.81%
3 Month1.21%
6 Month63.26%
12 Month94.16%
2 Year169.5%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.48
ATR(20)%3.5%
ATR Inc-27.79%
Range Today1.09
ADR(20)1.63
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.62
Mansfield2.54
10 Day High73.55
10 Day Low66.87
20 Day High80.68
20 Day Low66.87
52 Week High86.56
52 Week Low33.52
CS1 End71.13
CR1 Start77.57
Volume & EV
DER(3)2.49%
DER(5)0.4%
Volume91.10K
Volume Incr-43.34%
Vol(5)43.74K
Vol(50)96.72K