TEUCRIUM 2X LONG XRP ETF (XXRP) Stock Technical Analysis
NYSEARCA:XXRP - NYSE Arca - US53656G1913 - ETF - Currency: USD
Taking everything into account, XXRP scores 4 out of 10 in our technical rating. In the last year, XXRP was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
XXRP has an average technical rating and it also 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.
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28.81
We found 1 important support area.
- Support @29.10 from a horizontal line 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 XXRP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XXRP is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | XXRP has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of XXRP is below the rising SMA(20). |
| Relative Strength Index/RSI (14) | 48.39 | NEUTRAL | The RSI value for XXRP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.28 | NEGATIVE | The MACD value suggests XXRP has a negative trend. |
| Stochastics (14,3) | 45.94 | NEUTRAL | The Stochastics value for XXRP is a neutral value. |
| Average True Range in percent/ATR (20) | 8.87 | HIGH VOLATILITY | The high ATR as a percentage value for XXRP suggests high volalility. |
| Average Directional Index/ADX (14) | 23.19 | NEUTRAL | The ADX value for XXRP suggests a possible start of a new trend. |
34.05
-2.75 (-7.47%)