INVESCO SOLAR ETF (TAN) Stock Technical Analysis
NYSEARCA:TAN - NYSE Arca - US46138G7060 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to TAN. Although TAN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
TAN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TAN is lagging the market slightly.
In the last month TAN has a been trading in the 35.98 - 40.64 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, TAN outperforms 55% of them, which is more or less in line with the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TAN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
35.70
40.53
We found 1 important support area.
- A support zone ranging from 36.06 to 36.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.85 to 40.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for TAN is neutral. |
| ChartMill Relative Strength | 55.35 | NEUTRAL | TAN is not amongst the best or worst performers 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) | 66.02 | NEUTRAL | The RSI value for TAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TAN has a positive trend. |
| Stochastics (14,3) | 47.9 | NEUTRAL | The Stochastics value for TAN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for TAN suggests some volalility. |
| Average Directional Index/ADX (14) | 19.03 | NEGATIVE | The low ADX value for TAN suggests a weak or negative 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)
39.84
+3.22 (+8.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg8.79%
1 Week8.41%
2 Weeks9.27%
1 Month4.87%
3 Month13.38%
6 Month16.12%
12 Month-2.11%
2 Year-31.58%
3 Year-52.76%
5 Year-29.85%
10 Year34.73%
15 Year-45.35%
Volatility
ATR(14)1.04
ATR(20)%2.6%
ATR Inc239.19%
Range Today3.49
ADR(20)0.88
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.35
Mansfield0.28
10 Day High40.64
10 Day Low35.98
20 Day High40.64
20 Day Low35.98
52 Week High43.8
52 Week Low25.53
CS1 End36.96
CR1 Start39.85
Volume & EV
DER(3)0.81%
DER(5)0.09%
Volume2.18M
Volume Incr51.23%
Vol(5)814.04K
Vol(50)740.25K