XTRACKERS AI & BIG DATA ETF (XAIX) Stock Technical Analysis
NASDAQ:XAIX - Nasdaq - US23306X8294 - ETF - Currency: USD
Taking everything into account, XAIX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, XAIX is a bad performer.
XAIX has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 36.67. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for XAIX 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.
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3 important support areas can be observed.
- A support zone ranging from 35.80 to 36.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.19 to 34.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.97 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 36.67 to 36.84. This zone is formed by a combination of multiple trend lines 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 XAIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XAIX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | XAIX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XAIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XAIX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XAIX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.82 | NEUTRAL | The RSI value for XAIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests XAIX has a negative trend. |
| Stochastics (14,3) | 87.45 | OVERBOUGHT | The high Stochastics value suggests XAIX may be overbought. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for XAIX suggests low volalility. |
| Average Directional Index/ADX (14) | 29.23 | POSITIVE | The high ADX value value for XAIX suggests a strong trend. |
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 |
|---|---|---|---|
| 36.85 | 35.79 | 1.06 (2.88%) | 25.00% |
| An entry @36.85. This is a Buy Stop order right above the resistance zone. | An exit @35.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.06 points, which is 2.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.72%. |
- 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.
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