2X SOLANA ETF (SOLT) Technical Analysis
NASDAQ:SOLT • US92864M8304
We assign a technical rating of 1 out of 10 to SOLT. SOLT 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 100% of all other stocks performed better in the past year than SOLT.
- SOLT has an average volume of 14434300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SOLT has a been trading in the 41.00 - 60.77 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, SOLT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
42.76
We found 1 important support area.
- Support @43.19 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 SOLT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOLT is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | SOLT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SOLT is below the rising 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) | 39.69 | NEUTRAL | The RSI value for SOLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.03 | POSITIVE | The MACD value suggests SOLT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.5 | NEUTRAL | The Stochastics value for SOLT is a neutral value. |
| Average True Range in percent/ATR (20) | 14.49 | HIGH VOLATILITY | The high ATR as a percentage value for SOLT suggests high volalility. |
| Average Directional Index/ADX (14) | 36.19 | POSITIVE | The high ADX value value for SOLT suggests a strong trend. |
SOLT Technicals: Chart, Performance Metrics, Trend & Indicators
49.41
-5.29 (-9.67%)
2X SOLANA ETF / SOLT FAQ
What is the ChartMill technical rating of 2X SOLANA ETF (SOLT) stock?
ChartMill assigns a technical rating of 1 / 10 to SOLT.
What is the trend direction for SOLT stock?
The current trend direction for 2X SOLANA ETF (SOLT) is Bearish.
Can you provide the RSI signal for 2X SOLANA ETF?
2X SOLANA ETF (SOLT) has an RSI value of 39.6898. This indicates that the stock is currently neutral.
What is the MACD signal for 2X SOLANA ETF (SOLT) stock?
The MACD indicator for 2X SOLANA ETF (SOLT) has a value of 4.02507, indicating a bullish trend.
Can you provide the support and resistance levels for 2X SOLANA ETF?
2X SOLANA ETF (SOLT) has a support level at 43.19. Check the full technical report for our detailed analysis of SOLT support and resistance levels.