BONDBLOXX BBG 1 DUR US TREAS (XONE) Stock Technical Analysis
NYSEARCA:XONE - NYSE Arca - US09789C8617 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to XONE. Recently some decent action could be observed, but in the medium term time frame this is still negative. XONE was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, XONE does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 49.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 49.53, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for XONE in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
48.91
When analyzing the support we notice one important area.
- A support zone ranging from 49.40 to 49.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 49.53 to 49.98. 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 | NEUTRAL | NEUTRAL | The long term trend for XONE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XONE is up. |
| ChartMill Relative Strength | 33.85 | NEUTRAL | XONE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XONE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XONE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of XONE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.45 | NEUTRAL | The RSI value for XONE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests XONE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.44 | NEUTRAL | The Stochastics value for XONE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.06 | LOW VOLATILITY | The low ATR as a percentage value for XONE suggests low volalility. |
| Average Directional Index/ADX (14) | 12.73 | NEGATIVE | The low ADX value for XONE suggests a weak or negative trend. |
49.53
-0.01 (-0.02%)