Overall TAN gets a technical rating of 7 out of 10. In the last year, TAN was one of the better performers, but we do observe some doubts in the very recent evolution.
Besides having an excellent technical rating, TAN also presents 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. There is very little resistance above the current price. There is a support zone below the current price at 47.61, a Stop Loss order could be placed below this zone.
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44.50
When analyzing the support we can see 2 important areas.
- A support zone ranging from 47.39 to 47.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 44.95 to 46.31. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 85.82 | POSITIVE | TAN has a high relative strength, it outperformed 85.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TAN is below a declining 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) | 49.14 | NEUTRAL | The RSI value for TAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests TAN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.91 | NEUTRAL | The Stochastics value for TAN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for TAN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.83 | NEGATIVE | The low ADX value for TAN suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 49.04 | 47.38 | 1.66 (3.38%) | 25.00% |
| An entry @49.04. This is a Buy Stop order right above the 10 day high. | An exit @47.38. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.66 points, which is 3.38%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.85%. |
- The distance between exit and entry is rather small compared to the average daily movement of TAN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
47.69
-0.35 (-0.73%)
INVESCO SOLAR ETF / TAN FAQ
What is the technical rating for TAN stock?
ChartMill assigns a technical rating of 7 / 10 to TAN.
Can you provide the trend direction for INVESCO SOLAR ETF?
The current trend direction for INVESCO SOLAR ETF (TAN) is Bullish.
What is the RSI signal for INVESCO SOLAR ETF (TAN) stock?
INVESCO SOLAR ETF (TAN) has an RSI value of 49.1358. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INVESCO SOLAR ETF?
The short term momentum for INVESCO SOLAR ETF (TAN) is neutral.
What is the support and resistance level for TAN stock?
INVESCO SOLAR ETF (TAN) has a support level at 47.61. Check the full technical report for our detailed analysis of TAN support and resistance levels.