NASDAQ:TAX - Nasdaq - US02072Q8042 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to TAX. Although TAX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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.
24.13
When analyzing the support we can see 2 important areas.
2 important resistance areas can be observed.
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) | 65.08 | NEUTRAL | The RSI value for TAX is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests TAX has a negative trend. |
Stochastics (14,3) | 98.65 | OVERBOUGHT | The high Stochastics value suggests TAX may be overbought. |
Average True Range in percent/ATR (20) | 0.52 | LOW VOLATILITY | The low ATR as a percentage value for TAX suggests low volalility. |
Average Directional Index/ADX (14) | 30.26 | 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 |
---|---|---|---|
25.07 | 24.77 | 0.30 (1.20%) | 25.00% |
An entry @25.07. This is a Buy Stop order right above the resistance zone. | An exit @24.77. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.30 points, which is 1.20%. | For a 0.30% total portfolio risk, you can invest 25.00% of your capital in this trade. |
NASDAQ:TAX (6/10/2025, 8:11:01 PM)
25.0298
-0.02 (-0.07%)