GRANITESH 2X LNG TSLA ETF (TSLR) Stock Technical Analysis
NASDAQ:TSLR - Nasdaq - US38747R7778 - ETF - Currency: USD
Taking everything into account, TSLR scores 1 out of 10 in our technical rating. TSLR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
TSLR 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.
TSLR has an average volume of 4241540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TSLR turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
In the last month TSLR has a been trading in the 15.39 - 20.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TSLR has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
13.08
22.44
When analyzing the support we can see 4 important areas.
- Support @18.08 from a horizontal line in the weekly time frame.
- Support @15.99 from a horizontal line in the daily time frame.
- Support @15.42 from a horizontal line in the daily time frame.
- Support @13.21 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @19.90 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 20.29 to 20.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.22 from a trend 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 TSLR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TSLR is neutral. |
| ChartMill Relative Strength | 62 | NEUTRAL | TSLR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TSLR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TSLR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TSLR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.9 | NEUTRAL | The RSI value for TSLR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TSLR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.36 | NEUTRAL | The Stochastics value for TSLR is a neutral value. |
| Average True Range in percent/ATR (20) | 8.57 | HIGH VOLATILITY | The high ATR as a percentage value for TSLR suggests high volalility. |
| Average Directional Index/ADX (14) | 14.86 | NEGATIVE | The low ADX value for TSLR 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)
18.09
+1.18 (+6.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg6.98%
1 Week-9.1%
2 Weeks-0.06%
1 Month-9.28%
3 Month8.91%
6 Month-57.57%
12 Month12.08%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.43
ATR(20)%8.57%
ATR Inc132.53%
Range Today1.71
ADR(20)1.15
ADR(20)%6.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62
Mansfield-3.08
10 Day High20.9
10 Day Low16.38
20 Day High20.9
20 Day Low15.39
52 Week High64.75
52 Week Low9.97
CS1 End18.08
CR1 Start19.9
Volume & EV
DER(3)1.3%
DER(5)0.74%
Volume4.60M
Volume Incr-2.6%
Vol(5)4.19M
Vol(50)4.24M