Rex Volmaxx Inverse VIX Weekly (VMIN) Stock Technical Analysis
USA - NYSEARCA:VMIN -
We assign a technical rating of 1 out of 10 to VMIN. VMIN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
VMIN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 2.68, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VMIN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.62
We found 1 important support area.
- A support zone ranging from 2.65 to 2.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @2.79 from a trend line in the daily time frame.
- A resistance zone ranging from 2.96 to 2.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.33 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 VMIN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VMIN is down. |
| ChartMill Relative Strength | 3.41 | NEGATIVE | VMIN has a low relative strength, it was outperformed by 96.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VMIN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VMIN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of VMIN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.54 | NEUTRAL | The RSI value for VMIN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests VMIN has a positive trend. |
| Stochastics (14,3) | 42.92 | NEUTRAL | The Stochastics value for VMIN is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for VMIN suggests some volalility. |
Rex Volmaxx Inverse VIX Weekly
NYSEARCA:VMIN (11/26/2018, 8:04:02 PM)
2.775
+0 (+0.18%)