CAMBRIA CANNABIS ETF (TOKE) Stock Technical Analysis
NYSEARCA:TOKE - US1320618218 - ETF
6.66 USD
0 (0%)
6.79 USD
+0.13 (+1.95%)
Overall TOKE gets a technical rating of 9 out of 10. Both in the recent history as in the last year, TOKE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: TOKE has an average volume of 14458 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
TOKE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month TOKE has a been trading in the 4.75 - 6.71 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, TOKE did better than 85% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, TOKE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.56
6.73
We found 4 important support areas.
- Support @6.54 from a trend line in the daily time frame.
- Support @6.00 from a horizontal line in the daily time frame.
- A support zone ranging from 5.15 to 5.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.61 from a trend line in the weekly 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 TOKE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TOKE is up. |
| ChartMill Relative Strength | 85.69 | POSITIVE | TOKE has a high relative strength, it outperformed 85.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TOKE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TOKE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TOKE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.65 | OVERBOUGHT | The high RSI value suggests TOKE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TOKE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.6 | OVERBOUGHT | The high Stochastics value suggests TOKE may be overbought. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for TOKE suggests some volalility. |
| Average Directional Index/ADX (14) | 46.22 | POSITIVE | The high ADX value value for TOKE suggests a strong 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)
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 |
|---|---|---|---|
| 6.72 | 6.53 | 0.19 (2.83%) | 25.00% |
| An entry @6.72. This is a Buy Stop order right above the 10 day high. | An exit @6.53. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.19 points, which is 2.83%. | For a 0.71% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TOKE. Please evaluate whether better entry and exit points can be found.
- 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.
6.66
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week6.9%
2 Weeks3.74%
1 Month39.33%
3 Month44.81%
6 Month36.48%
12 Month12.93%
2 Year8.54%
3 Year-15.03%
5 Year-47.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%4.14%
ATR Inc-30.19%
Range Today0.24
ADR(20)0.26
ADR(20)%3.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.69
Mansfield1.84
10 Day High6.71
10 Day Low6
20 Day High6.71
20 Day Low4.75
52 Week High6.71
52 Week Low3.86
CS1 End6.54
CR1 StartN/A
Volume & EV
DER(3)2.59%
DER(5)1.29%
Volume12.40K
Volume Incr-50.9%
Vol(5)11.68K
Vol(50)14.46K