Salt Trubeta High Exposure ETF (SLT) Stock Technical Analysis
USA - NYSEARCA:SLT -
We assign a technical rating of 3 out of 10 to SLT. In the past year, SLT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
SLT has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
35.55
When analyzing the support we notice one important area.
- Support @35.91 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 39.46 to 40.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @43.29 from a horizontal line 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 | DOWN | NEGATIVE | The long term trend for SLT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SLT is up. |
| ChartMill Relative Strength | 48.86 | NEUTRAL | SLT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SLT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SLT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SLT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.53 | NEUTRAL | The RSI value for SLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests SLT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.45 | NEUTRAL | The Stochastics value for SLT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for SLT suggests some volalility. |
Salt Trubeta High Exposure ETF
NYSEARCA:SLT (2/24/2022, 8:19:34 PM)
39.22
-0.25 (-0.65%)
Salt Trubeta High Exposure ETF / SLT FAQ
What is the ChartMill technical rating of Salt Trubeta High Exposure ETF (SLT) stock?
ChartMill assigns a technical rating of 3 / 10 to SLT.
What is the trend direction for SLT stock?
The current trend direction for Salt Trubeta High Exposure ETF (SLT) is Bearish.
Can you provide the RSI signal for Salt Trubeta High Exposure ETF?
Salt Trubeta High Exposure ETF (SLT) has an RSI value of 51.5299. This indicates that the stock is currently neutral.
What is the short term momentum for Salt Trubeta High Exposure ETF (SLT) stock?
The short term momentum for Salt Trubeta High Exposure ETF (SLT) is positive.
What is the support and resistance level for SLT stock?
Salt Trubeta High Exposure ETF (SLT) has a support level at 35.91 and a resistance level at 39.46. Check the full technical report for our detailed analysis of SLT support and resistance levels.