INVESCO SOLAR ETF (TAN) Stock Technical Analysis
NYSEARCA:TAN - NYSE Arca - US46138G7060 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to TAN. TAN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, TAN is a bad performer in the overall market: 81% of all stocks are doing better.
TAN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TAN is lagging the market.
TAN has an average volume of 1016430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
In the last month TAN has a been trading in the 28.57 - 35.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TAN 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. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
31.13
36.97
We found 1 important support area.
- A support zone ranging from 31.44 to 31.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 32.14 to 32.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 35.15 to 35.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @36.60 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 | NEUTRAL | NEUTRAL | The long term trend for TAN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TAN is neutral. |
| ChartMill Relative Strength | 19.49 | NEGATIVE | TAN has a low relative strength, it was outperformed by 80.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TAN is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TAN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TAN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.65 | NEUTRAL | The RSI value for TAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests TAN has a negative trend. |
| Stochastics (14,3) | 32.38 | NEUTRAL | The Stochastics value for TAN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for TAN suggests some volalility. |
| Average Directional Index/ADX (14) | 21.98 | NEUTRAL | The ADX value for TAN suggests a possible start of a new trend. |
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)
NYSEARCA:TAN (5/29/2025, 8:16:12 PM)
31.93
+0.25 (+0.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.79%
1 Week-6.01%
2 Weeks-9.44%
1 Month12.51%
3 Month-1.3%
6 Month-13.3%
12 Month-33.86%
2 Year-54.37%
3 Year-55.09%
5 Year-5.42%
10 Year-24.85%
15 Year-52.06%
Volatility
ATR(14)1.3
ATR(20)%3.67%
ATR Inc-59.08%
Range Today0.63
ADR(20)0.88
ADR(20)%2.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.49
Mansfield-1.56
10 Day High35.93
10 Day Low30.57
20 Day High35.93
20 Day Low28.57
52 Week High49.93
52 Week Low25.53
CS1 End31.7
CR1 Start32.14
Volume & EV
DER(3)-1.87%
DER(5)0.9%
Volume727.30K
Volume Incr-5.78%
Vol(5)1.31M
Vol(50)1.02M