CAMBRIA TAX AWARE ETF (TAX) Stock Technical Analysis
NASDAQ:TAX - Nasdaq - US02072Q8042 - ETF - Currency: USD
We assign a technical rating of 5 out of 10 to TAX. In the last year, TAX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
TAX has an average technical rating and it also does not offer a high quality setup 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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24.42
When analyzing the support we notice one important area.
- Support @24.67 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 24.81 to 25.06. This zone is formed by a combination of multiple trend lines and important moving averages 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) | DOWN | NEGATIVE | The current price of TAX is below a declining 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) | 53.97 | NEUTRAL | The RSI value for TAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TAX has a negative trend. |
| Stochastics (14,3) | 64.03 | NEUTRAL | The Stochastics value for TAX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for TAX suggests low volalility. |
| Average Directional Index/ADX (14) | 29.54 | POSITIVE | The high ADX value value for TAX suggests a strong trend. |
NASDAQ:TAX (6/13/2025, 4:15:00 PM)
24.6778
-0.37 (-1.46%)