US09789C8617 - ETF
Overall XONE gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, XONE is only an average performer.
Although the technical rating is only medium, XONE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 49.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.85, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
The following trade can be suggested based on the decent technical rating and setup score.
|An entry @49.86. This is a Buy Stop order right above the 10 day moving average.||An exit @49.80. This is a Stop Loss order right below the 10 day low.||The trade has a worst case loss of 0.06 points, which is 0.11%.||For a 0.03% total portfolio risk, you can invest 25.00% of your capital in this trade.|
NYSEARCA:XONE (1/30/2023, 9:58:59 AM)-0.02 (-0.04%)
|2 Weeks||0.05%||1 Month||-0.06%|
|3 Month||-0.15%||6 Month||111.13%|
|ATR Inc||-52.44%||Range Today||0.02|
|ST Trend||LT Trend|
|10 Day High||49.88||10 Day Low||49.82|
|20 Day High||49.88||20 Day Low||49.68|
|52 Week High||50||52 Week Low||15.31|
|CS1 End||49.85||CR1 Start||49.88|
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