Ipath US Treasury Steepener ETN (STPP) Stock Technical Analysis
NYSEARCA:STPP - NYSE Arca - 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.
When comparing the yearly performance of all stocks, STPP is a bad performer in the overall market: 74% of all stocks are doing better.
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 trading in the upper part of its 52 week range, so STPP is lagging the market slightly.
STPP has a bad technical rating, but it does show a decent setup pattern. 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
27.72
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.
4 important resistance areas can be observed.
- 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. |
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)
Ipath US Treasury Steepener ETN
NYSEARCA:STPP (8/10/2020, 6:09:42 PM)
24.24
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-4%
2 Weeks0%
1 Month24.34%
3 Month-4.75%
6 Month-2.81%
12 Month-7.28%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%2.31%
ATR Inc-100%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.01
Mansfield-1.47
10 Day High25.25
10 Day Low24.24
20 Day High25.25
20 Day Low20.78
52 Week High29.82
52 Week Low19.5
CS1 End24.23
CR1 Start24.25
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr-39.39%
Vol(5)100
Vol(50)164.68