DEFIANCE DT 2XL SOUN ETF (SOUX) Technical Analysis
NASDAQ:SOUX • US88636Y2019
Current stock price
SOUX Technical Rating and Analysis
Overall SOUX gets a technical rating of 1 out of 10. SOUX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 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.
- 100% of all other stocks performed better in the past year than SOUX.
- In the last month SOUX has a been trading in the 12.09 - 26.18 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SOUX Weekly and Daily overview Charts
SOUX Setup Rating and Analysis
The technical rating of SOUX 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
SOUX Support and Resistance Analysis
16.03
2 important support areas can be observed.
- A support zone ranging from 20.20 to 20.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.19 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.91 to 22.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.14 from a horizontal line in the daily time frame.
SOUX 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 SOUX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOUX is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | SOUX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOUX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SOUX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SOUX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.46 | NEUTRAL | The RSI value for SOUX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.97 | POSITIVE | The MACD value suggests SOUX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.84 | NEUTRAL | The Stochastics value for SOUX is a neutral value. |
| Average True Range in percent/ATR (20) | 11.64 | HIGH VOLATILITY | The high ATR as a percentage value for SOUX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.97 | NEUTRAL | The ADX value for SOUX suggests a possible start of a new trend. |
SOUX Chart- and CandleStick Pattern Analysis
SOUX Technicals: Chart, Performance Metrics, Trend & Indicators
21.9
+1.7 (+8.41%)
DEFIANCE DT 2XL SOUN ETF / SOUX TA FAQ
Can you provide the ChartMill technical rating for DEFIANCE DT 2XL SOUN ETF?
ChartMill assigns a technical rating of 1 / 10 to SOUX.
What is the trend direction for SOUX stock?
The current trend direction for DEFIANCE DT 2XL SOUN ETF (SOUX) is Bearish.
Can you provide the RSI signal for DEFIANCE DT 2XL SOUN ETF?
DEFIANCE DT 2XL SOUN ETF (SOUX) has an RSI value of 55.4591. This indicates that the stock is currently neutral.
What is the support and resistance level for SOUX stock?
DEFIANCE DT 2XL SOUN ETF (SOUX) has a support level at 20.38 and a resistance level at 21.91. Check the full technical report for our detailed analysis of SOUX support and resistance levels.