2X SOLANA ETF (SOLT) Stock Technical Analysis
NASDAQ:SOLT - Nasdaq - US92864M8304 - ETF - Currency: USD
Taking everything into account, SOLT scores 4 out of 10 in our technical rating. SOLT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, SOLT is a bad performer in the overall market: 100% of all stocks are doing better.
In the last month SOLT has a been trading in the 14.30 - 26.85 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
SOLT has an average volume of 1890630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SOLT has an average technical rating and it also does not offer a high 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
15.65
16.97
When analyzing the support we notice one important area.
- Support @15.81 from a trend 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 | UP | POSITIVE | The long term trend for SOLT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOLT is neutral. |
| 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). |
| Relative Strength Index/RSI (14) | 43.97 | NEUTRAL | The RSI value for SOLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests SOLT has a negative trend. |
| Stochastics (14,3) | 20.98 | NEUTRAL | The Stochastics value for SOLT is a neutral value. |
| Average True Range in percent/ATR (20) | 12.26 | HIGH VOLATILITY | The high ATR as a percentage value for SOLT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.65 | NEGATIVE | The low ADX value for SOLT suggests a weak or negative trend. |
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)
16.8
-1.99 (-10.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-10.59%
1 Week-18.64%
2 Weeks-17.08%
1 Month14.05%
3 Month5.59%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.42
ATR(20)%12.26%
ATR Inc-27.94%
Range Today1.13
ADR(20)1.53
ADR(20)%9.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High26.85
10 Day Low16.44
20 Day High26.85
20 Day Low14.3
52 Week HighN/A
52 Week LowN/A
CS1 End15.81
CR1 StartN/A
Volume & EV
DER(3)-3.8%
DER(5)-4.7%
Volume3.34M
Volume Incr1.84%
Vol(5)3.09M
Vol(50)1.89M