AXS Cannabis ETF (THCX) Stock Technical Analysis
USA - NYSEARCA:THCX - US46144X4126 - ETF
16.5963 USD
-0.17 (-1.03%)
We assign a technical rating of 0 out of 10 to THCX. THCX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, THCX is a bad performer in the overall market: 83% of all stocks are doing better.
THCX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month THCX has a been trading in the 16.45 - 17.94 range, which is quite wide. It is currently trading near the lows of this range.
Warning: THCX has an average volume of 12190 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Volume is considerably higher in the last couple of days.
THCX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 16.59, a Stop Loss order could be placed below this zone.
More info and screens
14.96
18.00
We found 2 important support areas.
- Support @16.59 from a horizontal line in the daily time frame.
- A support zone ranging from 15.11 to 15.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.66 to 17.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.82 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 | DOWN | NEGATIVE | The long term trend for THCX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for THCX is down. |
| ChartMill Relative Strength | 17.94 | NEGATIVE | THCX has a low relative strength, it was outperformed by 82.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of THCX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of THCX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of THCX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.68 | NEUTRAL | The RSI value for THCX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests THCX has a negative trend. |
| Stochastics (14,3) | 17.5 | OVERSOLD | The low Stochastics value suggests THCX may be oversold. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for THCX suggests some volalility. |
| Average Directional Index/ADX (14) | 10.91 | NEGATIVE | The low ADX value for THCX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:THCX (2/21/2024, 8:10:50 PM)
16.5963
-0.17 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.03%
1 Week-1.21%
2 Weeks-6.72%
1 Month-3.87%
3 Month-0.05%
6 Month-0.44%
12 Month-31.98%
2 Year-77.08%
3 Year-91.61%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%2.57%
ATR Inc-53.64%
Range Today0.22
ADR(20)0.37
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.94
Mansfield-1.98
10 Day High17.86
10 Day Low16.45
20 Day High17.94
20 Day Low16.45
52 Week High25.2
52 Week Low14.9
CS1 End16.59
CR1 Start16.66
Volume & EV
DER(3)-0.58%
DER(5)0.82%
Volume348.80K
Volume Incr1414.29%
Vol(5)77.38K
Vol(50)12.19K