MAX S&P 500 4X LEVERAGED ETN (XXXX) Stock Technical Analysis
NYSEARCA:XXXX - NYSE Arca - US0636795678 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to XXXX. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, XXXX is a bad performer.
100% of all other stocks performed better in the past year than XXXX.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month XXXX has a been trading in the 31.29 - 39.65 range, which is quite wide. It is currently trading near the high of this range.
XXXX has an average volume of 1634040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although XXXX 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
29.56
39.70
We found 3 important support areas.
- Support @37.54 from a horizontal line in the daily time frame.
- Support @31.91 from a trend line in the daily time frame.
- Support @29.86 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.11 to 39.31. 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 | UP | POSITIVE | The long term trend for XXXX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XXXX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | XXXX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of XXXX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XXXX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 60.04 | NEUTRAL | The RSI value for XXXX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests XXXX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.54 | NEUTRAL | The Stochastics value for XXXX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.18 | MEDIUM VOLATILITY | The ATR as a percentage value for XXXX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.12 | NEGATIVE | The low ADX value for XXXX 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)
38.54
+0.99 (+2.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.64%
1 Week-0.77%
2 Weeks5.33%
1 Month14.12%
3 Month8.47%
6 MonthN/A
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.03
ATR(20)%3.18%
ATR Inc81.08%
Range Today0.96
ADR(20)1.11
ADR(20)%2.88%
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 High39.65
10 Day Low36.31
20 Day High39.65
20 Day Low31.29
52 Week HighN/A
52 Week LowN/A
CS1 End37.54
CR1 Start39.11
Volume & EV
DER(3)-0.64%
DER(5)0.38%
Volume833.70K
Volume Incr-30.64%
Vol(5)994.04K
Vol(50)1.63M