PROSHARES VIX MID-TERM FUT (VIXM) Stock Technical Analysis
USA - NYSEARCA:VIXM - US74347W3381 - ETF
We assign a technical rating of 5 out of 10 to VIXM. In the past year, VIXM was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
VIXM has an average technical rating and also the quality of the setup is only medium 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
13.73
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.77 to 16.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.87 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 16.73 to 16.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong resistance @17.27 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 | NEUTRAL | NEUTRAL | The long term trend for VIXM is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VIXM is up. |
| ChartMill Relative Strength | 71.27 | POSITIVE | VIXM has a high relative strength, it outperformed 71.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VIXM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VIXM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VIXM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.08 | NEUTRAL | The RSI value for VIXM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests VIXM has a positive trend. |
| Stochastics (14,3) | 64.76 | NEUTRAL | The Stochastics value for VIXM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for VIXM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.71 | POSITIVE | The high ADX value value for VIXM suggests a strong trend. |
16.62
+0.22 (+1.34%)
PROSHARES VIX MID-TERM FUT / VIXM FAQ
What is the technical rating for VIXM stock?
ChartMill assigns a technical rating of 5 / 10 to VIXM.
What is the current trend direction of PROSHARES VIX MID-TERM FUT (VIXM) stock?
The current trend direction for PROSHARES VIX MID-TERM FUT (VIXM) is Bearish.
What is the RSI signal for PROSHARES VIX MID-TERM FUT (VIXM) stock?
PROSHARES VIX MID-TERM FUT (VIXM) has an RSI value of 61.0765. This indicates that the stock is currently neutral.
What is the short term momentum for PROSHARES VIX MID-TERM FUT (VIXM) stock?
The short term momentum for PROSHARES VIX MID-TERM FUT (VIXM) is positive.