2X SOLANA ETF (SOLT) Stock Technical Analysis
NASDAQ:SOLT - Nasdaq - US92864M8304 - ETF - Currency: USD
Taking everything into account, SOLT scores 3 out of 10 in our technical rating. In the last year, SOLT was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
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 14.47 - 23.83 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Volume is considerably higher in the last couple of days.
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
14.32
20.95
We can see 6 important resistance areas.
- Resistance @14.88 from a horizontal line in the daily time frame.
- Resistance @15.13 from a horizontal line in the daily time frame.
- Resistance @15.43 from a horizontal line in the weekly time frame.
- Resistance @15.70 from a trend line in the daily time frame.
- Resistance @18.55 from a horizontal line in the daily time frame.
- Resistance @20.74 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) | DOWN | NEGATIVE | The current price of SOLT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SOLT is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 45.54 | NEUTRAL | The RSI value for SOLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests SOLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.48 | NEUTRAL | The Stochastics value for SOLT is a neutral value. |
| Average True Range in percent/ATR (20) | 11 | HIGH VOLATILITY | The high ATR as a percentage value for SOLT suggests high volalility. |
| Average Directional Index/ADX (14) | 16.22 | 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)
14.46
-2.07 (-12.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-12.52%
1 Week11.09%
2 Weeks-15.4%
1 Month-25.97%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.77
ATR(20)%11%
ATR Inc-13.98%
Range Today0.96
ADR(20)1.33
ADR(20)%9.16%
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 High19.57
10 Day Low14.48
20 Day High23.83
20 Day Low14.48
52 Week HighN/A
52 Week LowN/A
CS1 End15.7
CR1 Start18.55
Volume & EV
DER(3)-0.77%
DER(5)-1.31%
Volume1.33M
Volume Incr7.68%
Vol(5)582.36K
Vol(50)390.92K