MAX S&P 500 4X LEVERAGED ETN (XXXX) Technical Analysis
NYSEARCA:XXXX • US0636795678
Current stock price
XXXX Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to XXXX. Although XXXX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- When comparing the yearly performance of all stocks, XXXX is a bad performer in the overall market: 100% of all stocks are doing better.
- 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.
XXXX Weekly and Daily overview Charts
XXXX Setup Rating and Analysis
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
XXXX Support and Resistance Analysis
29.56
When analyzing the support we can see 3 important 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.
We found 1 important resistance 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.
XXXX Technical Indicator Signal Analysis
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. |
XXXX Chart- and CandleStick Pattern Analysis
XXXX Technicals: Chart, Performance Metrics, Trend & Indicators
38.54
+0.99 (+2.64%)
MAX S&P 500 4X LEVERAGED ETN / XXXX TA FAQ
What is the technical rating for XXXX stock?
ChartMill assigns a technical rating of 7 / 10 to XXXX.
Can you provide the trend direction for MAX S&P 500 4X LEVERAGED ETN?
The current trend direction for MAX S&P 500 4X LEVERAGED ETN (XXXX) is Bullish.
What is the RSI signal for MAX S&P 500 4X LEVERAGED ETN (XXXX) stock?
MAX S&P 500 4X LEVERAGED ETN (XXXX) has an RSI value of 60.044. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MAX S&P 500 4X LEVERAGED ETN?
The short term momentum for MAX S&P 500 4X LEVERAGED ETN (XXXX) is positive.
What is the support and resistance level for XXXX stock?
MAX S&P 500 4X LEVERAGED ETN (XXXX) has a support level at 37.54 and a resistance level at 39.11. Check the full technical report for our detailed analysis of XXXX support and resistance levels.