ISHARES EXPONENTIAL TECH ETF (XT) Stock Technical Analysis
NASDAQ:XT - Nasdaq - US46434V3814 - ETF - Currency: USD
Taking everything into account, XT scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, XT did better than 74% of all other stocks. We also observe that the gains produced by XT over the past year are nicely spread over this period.
XT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so XT is performing more or less in line with the market.
In the last month XT has a been trading in a tight range between 64.66 and 67.66.
Although XT has an excellent technical rating, it does not offer a high 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
52.17
68.31
When analyzing the support we can see 4 important areas.
- A support zone ranging from 63.90 to 65.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.91 to 61.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @59.70 from a horizontal line in the daily time frame.
- Support @52.70 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 66.35 to 67.63. 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 XT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for XT is neutral. |
| ChartMill Relative Strength | 74.39 | POSITIVE | XT has a high relative strength, it outperformed 74.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of XT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.65 | NEUTRAL | The RSI value for XT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests XT has a negative trend. |
| Stochastics (14,3) | 39.69 | NEUTRAL | The Stochastics value for XT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for XT suggests low volalility. |
| Average Directional Index/ADX (14) | 20.01 | NEUTRAL | The ADX value for XT suggests a possible start of a new 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)
65.22
-0.73 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.11%
1 Week-3.29%
2 Weeks-1.8%
1 Month-1.72%
3 Month10.28%
6 Month5.09%
12 Month16.63%
2 Year17.68%
3 Year31.94%
5 Year31.44%
10 Year167.3%
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%0.98%
ATR Inc87.82%
Range Today0.84
ADR(20)0.55
ADR(20)%0.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.39
Mansfield0.06
10 Day High67.66
10 Day Low64.66
20 Day High67.66
20 Day Low64.66
52 Week High67.66
52 Week Low49.01
CS1 End65.21
CR1 Start66.35
Volume & EV
DER(3)1.54%
DER(5)-0.15%
Volume88.10K
Volume Incr-19.16%
Vol(5)79.22K
Vol(50)102.40K