Taking everything into account, SLIM scores 2 out of 10 in our technical rating. Although SLIM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of SLIM is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
32.30
We found 1 important support area.
- A support zone ranging from 32.63 to 32.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 33.18 to 33.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 39.69 to 39.97. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for SLIM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SLIM is down. |
| ChartMill Relative Strength | 87.08 | POSITIVE | SLIM has a high relative strength, it outperformed 87.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SLIM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLIM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SLIM is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 27.56 | OVERSOLD | The low RSI value suggests SLIM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests SLIM has a negative trend. |
| Stochastics (14,3) | 12.12 | OVERSOLD | The low Stochastics value suggests SLIM may be oversold. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for SLIM suggests some volalility. |
NASDAQ:SLIM (3/12/2020, 8:00:00 PM)
33.17
-2.99 (-8.28%)
The Obesity ETF / SLIM FAQ
Can you provide the ChartMill technical rating for The Obesity ETF?
ChartMill assigns a technical rating of 1 / 10 to SLIM.
Can you provide the trend direction for The Obesity ETF?
The current trend direction for The Obesity ETF (SLIM) is Bearish.
Can you provide the RSI signal for The Obesity ETF?
The Obesity ETF (SLIM) has an RSI value of 27.5589. This indicates that the stock is currently oversold.
What is the MACD signal for The Obesity ETF (SLIM) stock?
The MACD indicator for The Obesity ETF (SLIM) has a value of -0.700271, indicating a bearish trend.
Can you provide the short term momentum for The Obesity ETF?
The short term momentum for The Obesity ETF (SLIM) is negative.