TRADR 2X LONG SMR DAILY ETF (SMU) Stock Technical Analysis
NYSEARCA:SMU - NYSE Arca - ETF - Currency: USD
Taking everything into account, SMU scores 2 out of 10 in our technical rating. SMU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of SMU is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
36.41
When analyzing the support we notice one important area.
- Support @36.78 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 | NEUTRAL | NEUTRAL | The long term trend for SMU is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SMU is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SMU has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 62.33 | NEUTRAL | The RSI value for SMU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.79 | POSITIVE | The MACD value suggests SMU has a positive trend, although the MACD value is declining. |
| Average Directional Index/ADX (14) | 29 | POSITIVE | The high ADX value value for SMU suggests a strong trend. |
42.1
+5.31 (+14.43%)