CAMBRIA CANNABIS ETF (TOKE) Stock Technical Analysis
USA - NYSEARCA:TOKE - US1320618218 - ETF
We assign a technical rating of 4 out of 10 to TOKE. In the last year, TOKE was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
TOKE has only a medium 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 6.01, a Stop Loss order could be placed below this zone.
More info and screens
4.80
We found 3 important support areas.
- A support zone ranging from 5.87 to 6.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.03 from a trend line in the daily time frame.
- Support @4.85 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.28 to 6.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 6.64 to 6.77. 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 TOKE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TOKE is neutral. |
| ChartMill Relative Strength | 66.77 | NEUTRAL | TOKE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TOKE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TOKE is below a declining 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) | 44.48 | NEUTRAL | The RSI value for TOKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TOKE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32 | NEUTRAL | The Stochastics value for TOKE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for TOKE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.49 | NEGATIVE | The low ADX value for TOKE suggests a weak or negative trend. |
6.02
-0.18 (-2.9%)
CAMBRIA CANNABIS ETF / TOKE FAQ
What is the technical rating for TOKE stock?
ChartMill assigns a technical rating of 4 / 10 to TOKE.
What is the current trend direction of CAMBRIA CANNABIS ETF (TOKE) stock?
The current trend direction for CAMBRIA CANNABIS ETF (TOKE) is Bullish.
What is the RSI signal for CAMBRIA CANNABIS ETF (TOKE) stock?
CAMBRIA CANNABIS ETF (TOKE) has an RSI value of 44.4832. This indicates that the stock is currently neutral.
What is the MACD signal for CAMBRIA CANNABIS ETF (TOKE) stock?
The MACD indicator for CAMBRIA CANNABIS ETF (TOKE) has a value of -0.0434529, indicating a bearish trend.
What is the short term momentum for CAMBRIA CANNABIS ETF (TOKE) stock?
The short term momentum for CAMBRIA CANNABIS ETF (TOKE) is neutral.