2X SOLANA ETF (SOLT) Technical Analysis
NASDAQ:SOLT • US92865J7375
Current stock price
SOLT Technical Rating and Analysis
Overall SOLT gets a technical rating of 0 out of 10. SOLT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 99% of all other stocks performed better in the past year than SOLT.
- SOLT is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so SOLT is lagging the market.
- In the last month SOLT has a been trading in the 38.62 - 62.30 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.
- SOLT has an average volume of 10810500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
SOLT Weekly and Daily overview Charts
SOLT Setup Rating and Analysis
The technical rating of SOLT is bad and it also does not present a quality setup 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
SOLT Support and Resistance Analysis
40.75
When analyzing the resistance we notice 2 important areas.
- Resistance @52.48 from a trend line in the daily time frame.
- Resistance @77.18 from a trend line in the daily time frame.
SOLT 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 | DOWN | NEGATIVE | The long term trend for SOLT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOLT is down. |
| ChartMill Relative Strength | 1.3 | NEGATIVE | SOLT has a low relative strength, it was outperformed by 98.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOLT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOLT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOLT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.64 | NEUTRAL | The RSI value for SOLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SOLT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 14.22 | OVERSOLD | The low Stochastics value suggests SOLT may be oversold. |
| Average True Range in percent/ATR (20) | 12 | HIGH VOLATILITY | The high ATR as a percentage value for SOLT suggests high volalility. |
| Average Directional Index/ADX (14) | 18.4 | NEGATIVE | The low ADX value for SOLT suggests a weak or negative trend. |
SOLT Chart- and CandleStick Pattern Analysis
SOLT Technicals: Chart, Performance Metrics, Trend & Indicators
41.16
-5.49 (-11.77%)
2X SOLANA ETF / SOLT TA FAQ
What is the ChartMill technical rating of 2X SOLANA ETF (SOLT) stock?
ChartMill assigns a technical rating of 0 / 10 to SOLT.
What is the trend direction for SOLT stock?
The current trend direction for 2X SOLANA ETF (SOLT) is Bearish.
What is the RSI signal for 2X SOLANA ETF (SOLT) stock?
2X SOLANA ETF (SOLT) has an RSI value of 36.6381. This indicates that the stock is currently neutral.
What is the buy/sell signal for SOLT stock?
The buy/sell signal for 2X SOLANA ETF (SOLT) is sell as both the short term and long term trends are negative.
What is the support and resistance level for SOLT stock?
2X SOLANA ETF (SOLT) has a resistance level at 52.48. Check the full technical report for our detailed analysis of SOLT support and resistance levels.