INVESCO SOLAR ETF (TAN) Technical Analysis
NYSEARCA:TAN • US46138G7060
Current stock price
TAN Technical Rating and Analysis
Taking everything into account, TAN scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TAN is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that TAN is one of the better performing stocks in the market, outperforming 90% of all stocks. We also observe that the gains produced by TAN over the past year are nicely spread over this period.
- TAN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month TAN has a been trading in the 52.39 - 59.95 range, which is quite wide. It is currently trading near the high of this range.
- TAN has an average volume of 1330230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TAN Weekly and Daily overview Charts
TAN Setup Rating and Analysis
Although TAN has an excellent technical rating, it does not present a decent entry opportunity 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
TAN Support and Resistance Analysis
48.44
We found 3 important support areas.
- A support zone ranging from 55.28 to 56.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.88 to 53.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.78 to 60.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
TAN 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 | UP | POSITIVE | The long term trend for TAN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TAN is up. |
| ChartMill Relative Strength | 90.89 | POSITIVE | TAN has a high relative strength, it outperformed 90.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TAN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TAN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.21 | NEUTRAL | The RSI value for TAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests TAN has a positive trend. |
| Stochastics (14,3) | 73.43 | NEUTRAL | The Stochastics value for TAN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for TAN suggests some volalility. |
| Average Directional Index/ADX (14) | 13.37 | NEGATIVE | The low ADX value for TAN suggests a weak or negative trend. |
TAN Chart- and CandleStick Pattern Analysis
TAN Technicals: Chart, Performance Metrics, Trend & Indicators
59.27
+0.86 (+1.47%)
INVESCO SOLAR ETF / TAN TA FAQ
Can you provide the ChartMill technical rating for INVESCO SOLAR ETF?
ChartMill assigns a technical rating of 10 / 10 to TAN.
What is the trend direction for TAN stock?
The current trend direction for INVESCO SOLAR ETF (TAN) is Bullish.
Can you provide the RSI signal for INVESCO SOLAR ETF?
INVESCO SOLAR ETF (TAN) has an RSI value of 60.2142. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INVESCO SOLAR ETF?
The MACD indicator for INVESCO SOLAR ETF (TAN) has a value of 0.333119, indicating a bearish trend.
Can you provide the short term momentum for INVESCO SOLAR ETF?
The short term momentum for INVESCO SOLAR ETF (TAN) is positive.