2X SOLANA ETF (SOLT) Technical Analysis
NASDAQ:SOLT • US92865J7375
Current stock price
SOLT Technical Rating and Analysis
Overall SOLT gets a technical rating of 1 out of 10. 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.
- 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 trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- SOLT has an average volume of 2975620 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 40.35 - 54.36 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.
SOLT Weekly and Daily overview Charts
SOLT Setup Rating and Analysis
SOLT has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
SOLT Support and Resistance Analysis
45.33
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 49.50 to 49.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @51.25 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 | 1.68 | NEGATIVE | SOLT has a low relative strength, it was outperformed by 98.32% 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) | 45.04 | NEUTRAL | The RSI value for SOLT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests SOLT has a positive trend. |
| Stochastics (14,3) | 16.39 | OVERSOLD | The low Stochastics value suggests SOLT may be oversold. |
| Average True Range in percent/ATR (20) | 7.49 | HIGH VOLATILITY | The high ATR as a percentage value for SOLT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.65 | 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
45.79
+0.98 (+2.19%)
2X SOLANA ETF / SOLT TA 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.
What is the RSI signal for 2X SOLANA ETF (SOLT) stock?
2X SOLANA ETF (SOLT) has an RSI value of 45.0355. 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 49.5. Check the full technical report for our detailed analysis of SOLT support and resistance levels.