Ipath US Treasury Steepener ETN (STPP) Technical Analysis
NYSEARCA:STPP • US06740L4775
We assign a technical rating of 1 out of 10 to STPP. STPP'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 negative, as is the long term trend. There should be more interesting stocks out there.
- 74% of all other stocks performed better in the past year than STPP.
- Warning: STPP has an average volume of 164 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month STPP has a been trading in the 20.78 - 25.25 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- STPP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so STPP is lagging the market.
Although the technical rating is bad, STPP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 24.23, a Stop Loss order could be placed below this zone.
More info and screens
23.99
We found 1 important support area.
- A support zone ranging from 24.23 to 24.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 24.25 to 25.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.81 to 26.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.71 from a trend line in the weekly time frame.
- Resistance @27.45 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for STPP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for STPP is down. |
| ChartMill Relative Strength | 26.01 | NEGATIVE | STPP has a low relative strength, it was outperformed by 73.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of STPP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of STPP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of STPP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47 | NEUTRAL | The RSI value for STPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests STPP has a positive trend, although the MACD value is declining. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for STPP suggests some volalility. |
STPP Technicals: Chart, Performance Metrics, Trend & Indicators
Ipath US Treasury Steepener ETN
NYSEARCA:STPP (8/10/2020, 6:09:42 PM)
24.24
0 (0%)
Ipath US Treasury Steepener ETN / STPP FAQ
What is the technical rating for STPP stock?
ChartMill assigns a technical rating of 1 / 10 to STPP.
What is the trend direction for STPP stock?
The current trend direction for Ipath US Treasury Steepener ETN (STPP) is Bearish.
What is the RSI signal for Ipath US Treasury Steepener ETN (STPP) stock?
Ipath US Treasury Steepener ETN (STPP) has an RSI value of 47.0014. This indicates that the stock is currently neutral.
What is the buy/sell signal for Ipath US Treasury Steepener ETN (STPP) stock?
The buy/sell signal for Ipath US Treasury Steepener ETN (STPP) is sell as both the short term and long term trends are negative.
What is the support and resistance level for STPP stock?
Ipath US Treasury Steepener ETN (STPP) has a support level at 24.23 and a resistance level at 24.25. Check the full technical report for our detailed analysis of STPP support and resistance levels.