LAZARD NEXT GEN TECH ETF (TEKY) Stock Technical Analysis
NASDAQ:TEKY - Nasdaq - US52110K5092 - ETF - Currency: USD
Overall TEKY gets a technical rating of 4 out of 10. In the last year, TEKY 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.
TEKY has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 31.82. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.68, a Stop Loss order could be placed below this zone.
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30.73
When analyzing the support we notice one important area.
- A support zone ranging from 31.04 to 31.68. 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 31.82 to 32.10. 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 TEKY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TEKY is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | TEKY 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 TEKY is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 67.98 | NEUTRAL | The RSI value for TEKY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.76 | NEGATIVE | The MACD value suggests TEKY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 79.42 | NEUTRAL | The Stochastics value for TEKY is a neutral value. |
| Average True Range in percent/ATR (20) | 1.32 | LOW VOLATILITY | The low ATR as a percentage value for TEKY suggests low volalility. |
| Average Directional Index/ADX (14) | 44.45 | POSITIVE | The high ADX value value for TEKY suggests a strong trend. |
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