2X XRP ETF (XRPT) Stock Technical Analysis
NASDAQ:XRPT - Nasdaq - US92864M7728 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to XRPT. XRPT performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, XRPT is a bad performer in the overall market: 100% of all stocks are doing better.
In the last month XRPT has a been trading in the 18.68 - 30.93 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Volume is considerably higher in the last couple of days.
The technical rating of XRPT 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.
More info and screens
18.72
22.66
When analyzing the support we notice one important area.
- Support @18.91 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.23 to 22.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 XRPT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XRPT is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | XRPT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XRPT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XRPT is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 48.73 | NEUTRAL | The RSI value for XRPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests XRPT has a negative trend. |
| Stochastics (14,3) | 40.52 | NEUTRAL | The Stochastics value for XRPT is a neutral value. |
| Average True Range in percent/ATR (20) | 11.66 | HIGH VOLATILITY | The high ATR as a percentage value for XRPT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.94 | NEGATIVE | The low ADX value for XRPT 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)
20.02
-0.08 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.4%
1 Week-17.51%
2 Weeks1.01%
1 Month-27.41%
3 MonthN/A
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.94
ATR(20)%11.66%
ATR Inc22.8%
Range Today1.46
ADR(20)1.79
ADR(20)%8.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High24.6
10 Day Low18.68
20 Day High30.93
20 Day Low18.68
52 Week HighN/A
52 Week LowN/A
CS1 End18.91
CR1 Start22.23
Volume & EV
DER(3)-4.46%
DER(5)-3.67%
Volume884.37K
Volume Incr9.2%
Vol(5)1.34M
Vol(50)726.77K