CAMBRIA TAX AWARE ETF (TAX) Stock Technical Analysis
NASDAQ:TAX - Nasdaq - US02072Q8042 - ETF - Currency: USD
Taking everything into account, TAX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, TAX is a bad performer.
Although TAX has an excellent technical rating, the quality of the presented setup is not ideal 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.
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24.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.81 to 25.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.36 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.05 to 25.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.54 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 | UP | POSITIVE | The long term trend for TAX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TAX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | TAX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TAX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 64.79 | NEUTRAL | The RSI value for TAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TAX has a negative trend. |
| Stochastics (14,3) | 94.52 | OVERBOUGHT | The high Stochastics value suggests TAX may be overbought. |
| Average True Range in percent/ATR (20) | 0.49 | LOW VOLATILITY | The low ATR as a percentage value for TAX suggests low volalility. |
| Average Directional Index/ADX (14) | 30.75 | POSITIVE | The high ADX value value for TAX suggests a strong 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 |
|---|---|---|---|
| 25.06 | 24.69 | 0.37 (1.48%) | 25.00% |
| An entry @25.06. This is a Buy Stop order right above the resistance zone. | An exit @24.69. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.37 points, which is 1.48%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.37%. |
- 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.
NASDAQ:TAX (6/12/2025, 8:00:01 PM)
25.0442
+0.06 (+0.23%)