DEFIANCE TRSRY ALT YIELD ETF (TRES) Stock Technical Analysis
NASDAQ:TRES - Nasdaq - US88636J6340 - ETF - Currency: USD
Taking everything into account, TRES scores 1 out of 10 in our technical rating. TRES performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, TRES is a bad performer in the overall market: 100% of all stocks are doing better.
Warning: TRES has an average volume of 3236 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month TRES has a been trading in a tight range between 16.84 and 17.04.
Although the technical rating is bad, TRES does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.86, a Stop Loss order could be placed below this zone.
More info and screens
16.60
17.79
When analyzing the support we notice one important area.
- A support zone ranging from 16.77 to 16.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.90 to 17.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.61 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 TRES is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TRES is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | TRES 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 TRES is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRES is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 39.05 | NEUTRAL | The RSI value for TRES is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TRES has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 41.67 | NEUTRAL | The Stochastics value for TRES is a neutral value. |
| Average True Range in percent/ATR (20) | 0.36 | LOW VOLATILITY | The low ATR as a percentage value for TRES suggests low volalility. |
| Average Directional Index/ADX (14) | 14.13 | NEGATIVE | The low ADX value for TRES 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)
NASDAQ:TRES (7/26/2024, 8:03:17 PM)
16.87
-0.04 (-0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.24%
1 Week-0.12%
2 Weeks-0.18%
1 Month-1%
3 Month-3.82%
6 Month-15.46%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%0.36%
ATR Inc-13.69%
Range Today0.03
ADR(20)0.06
ADR(20)%0.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High16.96
10 Day Low16.84
20 Day High17.04
20 Day Low16.84
52 Week HighN/A
52 Week LowN/A
CS1 End16.86
CR1 Start16.9
Volume & EV
DER(3)-0.9%
DER(5)-0.54%
Volume700
Volume Incr-33.76%
Vol(5)2.56K
Vol(50)3.24K