The Obesity ETF (SLIM) Stock Technical Analysis
USA - NASDAQ:SLIM -
33.17
-2.99 (-8.28%)
Overall SLIM gets a technical rating of 2 out of 10. 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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.
When comparing the yearly performance of all stocks, we notice that SLIM is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this relatively good performance is mostly due to a recent big move.
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
40.37
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.
We can see 2 important resistance 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. |
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)
NASDAQ:SLIM (3/12/2020, 8:00:00 PM)
33.17
-2.99 (-8.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-8.28%
1 Week-18.67%
2 Weeks-14.95%
1 Month-20.57%
3 Month-11.9%
6 Month-2.73%
12 Month-6.12%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.87
ATR(20)%4.5%
ATR Inc100.92%
Range Today2.36
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.08
Mansfield1.3
10 Day High41.06
10 Day Low33
20 Day High43.4
20 Day Low33
52 Week High43.4
52 Week Low31.59
CS1 End32.7
CR1 Start33.18
Volume & EV
DER(3)-22.44%
DER(5)-14.04%
Volume6.30K
Volume Incr-17.99%
Vol(5)3.92K
Vol(50)4.03K