We assign a technical rating of 0 out of 10 to VXX. VXX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of VXX is bad and it also does not present a quality setup 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.
29.23
When analyzing the resistance we notice 5 important areas.
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 VXX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VXX is down. |
| ChartMill Relative Strength | 12.68 | NEGATIVE | VXX has a low relative strength, it was outperformed by 87.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VXX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VXX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of VXX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.65 | NEUTRAL | The RSI value for VXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests VXX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.22 | OVERSOLD | The low Stochastics value suggests VXX may be oversold. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for VXX suggests high volalility. |
| Average Directional Index/ADX (14) | 23.45 | NEUTRAL | The ADX value for VXX suggests a possible start of a new trend. |
29.53
-0.03 (-0.1%)
ChartMill assigns a technical rating of 0 / 10 to VXX.
The current trend direction for IPATH SERIES B S&P 500 VIX (VXX) is Bearish.
IPATH SERIES B S&P 500 VIX (VXX) has an RSI value of 34.6455. This indicates that the stock is currently neutral.
The MACD indicator for IPATH SERIES B S&P 500 VIX (VXX) has a value of -0.292613, indicating a bearish trend.
IPATH SERIES B S&P 500 VIX (VXX) has a resistance level at 32.34. Check the full technical report for our detailed analysis of VXX support and resistance levels.