DRX DLY CONS DISC BULL 3X (WANT) Stock Technical Analysis
USA - NYSEARCA:WANT - US25459Y8012 - ETF
50.17 USD
-0.79 (-1.55%)
50.25 USD
+0.08 (+0.16%)
Taking everything into account, WANT scores 7 out of 10 in our technical rating. In the last year, WANT was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month WANT has a been trading in the 49.17 - 55.48 range, which is quite wide. It is currently trading near the lows of this range.
Warning: WANT has an average volume of 19337 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that WANT is one of the better performing stocks in the market, outperforming 82% of all 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.
WANT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WANT is lagging the market.
WANT has an excellent technical rating, but 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
27.31
55.56
3 important support areas can be observed.
- A support zone ranging from 48.74 to 50.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.02 to 44.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.59 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @50.35 from a trend line in the daily time frame.
- A resistance zone ranging from 52.50 to 55.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 WANT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WANT is down. |
| ChartMill Relative Strength | 82.55 | POSITIVE | WANT has a high relative strength, it outperformed 82.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WANT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WANT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of WANT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.12 | NEUTRAL | The RSI value for WANT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests WANT has a negative trend. |
| Stochastics (14,3) | 15 | OVERSOLD | The low Stochastics value suggests WANT may be oversold. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for WANT suggests some volalility. |
| Average Directional Index/ADX (14) | 15.12 | NEGATIVE | The low ADX value for WANT 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 50.36 | 49.16 | 1.20 (2.38%) | 25.00% |
| An entry @50.36. This is a Buy Stop order right above the resistance zone. | An exit @49.16. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.20 points, which is 2.38%. | For a 0.59% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of WANT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
50.17
-0.79 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.55%
1 Week-5.43%
2 Weeks-1.95%
1 Month-3.18%
3 Month16%
6 Month72.35%
12 Month30.65%
2 Year131.73%
3 Year113.22%
5 Year39.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.85
ATR(20)%3.51%
ATR Inc-4.89%
Range Today1.23
ADR(20)1.52
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.55
Mansfield-0.12
10 Day High54.68
10 Day Low49.17
20 Day High55.48
20 Day Low49.17
52 Week High67.27
52 Week Low22.68
CS1 End50.16
CR1 Start50.35
Volume & EV
DER(3)-2.83%
DER(5)-3%
Volume10.04K
Volume Incr-37.41%
Vol(5)12.82K
Vol(50)19.34K