The Obesity ETF (SLIM) Technical Analysis
NASDAQ:SLIM
Current stock price
SLIM Technical Rating and Analysis
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.
- SLIM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SLIM is lagging the market.
- In the last month SLIM has a been trading in the 33.00 - 43.40 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.
- Warning: SLIM has an average volume of 4033 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, SLIM did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
SLIM Weekly and Daily overview Charts
SLIM Setup Rating and Analysis
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
SLIM Support and Resistance Analysis
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.
2 important resistance areas can be observed.
- 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.
SLIM Technical Indicator Signal Analysis
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. |
SLIM Chart- and CandleStick Pattern Analysis
SLIM Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:SLIM (3/12/2020, 8:00:00 PM)
33.17
-2.99 (-8.28%)
The Obesity ETF / SLIM TA FAQ
Can you provide the ChartMill technical rating for The Obesity ETF?
ChartMill assigns a technical rating of 1 / 10 to SLIM.
What is the trend direction for SLIM stock?
The current trend direction for The Obesity ETF (SLIM) is Bearish.
What is the RSI signal for SLIM stock?
The Obesity ETF (SLIM) has an RSI value of 27.5589. This indicates that the stock is currently oversold.
What is the short term momentum for The Obesity ETF (SLIM) stock?
The short term momentum for The Obesity ETF (SLIM) is negative.