Taking everything into account, STPP scores 1 out of 10 in our technical rating. 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.
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.
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23.99
When analyzing the support we notice one important 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. |
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 current trend direction of Ipath US Treasury Steepener ETN (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 MACD signal for Ipath US Treasury Steepener ETN (STPP) stock?
The MACD indicator for Ipath US Treasury Steepener ETN (STPP) has a value of 0.0217266, indicating a bearish trend.
What is the buy/sell signal for 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.