SOLANA ETF (SOLZ) Technical Analysis
NASDAQ:SOLZ • US92864M8221
Current stock price
SOLZ Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to SOLZ. SOLZ 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 94% of all other stocks performed better in the past year than SOLZ.
- SOLZ 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.
- SOLZ has an average volume of 2387140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SOLZ has a been trading in the 7.73 - 9.47 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.
SOLZ Weekly and Daily overview Charts
SOLZ Setup Rating and Analysis
SOLZ has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.72, a Stop Loss order could be placed below this zone.
More info and screens
SOLZ Support and Resistance Analysis
7.74
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.56 to 8.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 7.82 to 7.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 9.03 to 9.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 9.57 to 9.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
SOLZ 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 SOLZ is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOLZ is neutral. |
| ChartMill Relative Strength | 6.78 | NEGATIVE | SOLZ has a low relative strength, it was outperformed by 93.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SOLZ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SOLZ is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOLZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.88 | NEUTRAL | The RSI value for SOLZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SOLZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.3 | NEUTRAL | The Stochastics value for SOLZ is a neutral value. |
| Average True Range in percent/ATR (20) | 4.57 | MEDIUM VOLATILITY | The ATR as a percentage value for SOLZ suggests some volalility. |
| Average Directional Index/ADX (14) | 10.32 | NEGATIVE | The low ADX value for SOLZ suggests a weak or negative trend. |
SOLZ Chart- and CandleStick Pattern Analysis
SOLZ Technicals: Chart, Performance Metrics, Trend & Indicators
8.81
+0.25 (+2.92%)
SOLANA ETF / SOLZ TA FAQ
Can you provide the ChartMill technical rating for SOLANA ETF?
ChartMill assigns a technical rating of 0 / 10 to SOLZ.
What is the trend direction for SOLZ stock?
The current trend direction for SOLANA ETF (SOLZ) is Bearish.
What is the RSI signal for SOLANA ETF (SOLZ) stock?
SOLANA ETF (SOLZ) has an RSI value of 50.8791. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SOLANA ETF?
The MACD indicator for SOLANA ETF (SOLZ) has a value of 0.0682668, indicating a bearish trend.