Taking everything into account, CSML scores 2 out of 10 in our technical rating. CSML has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
CSML has a poor technical rating and the quality of the setup is also not perfect 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
29.12
We found 2 important support areas.
- A support zone ranging from 34.34 to 34.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.41 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 35.11 to 35.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @36.68 from a horizontal line in the daily time frame.
- A resistance zone ranging from 37.31 to 37.31. 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 CSML is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CSML is down. |
| ChartMill Relative Strength | 55.8 | NEUTRAL | CSML is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CSML is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CSML is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CSML is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.29 | NEUTRAL | The RSI value for CSML is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests CSML has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.72 | OVERSOLD | The low Stochastics value suggests CSML may be oversold. |
| Average True Range in percent/ATR (20) | 1.28 | LOW VOLATILITY | The low ATR as a percentage value for CSML suggests low volalility. |
| Average Directional Index/ADX (14) | 20.08 | NEUTRAL | The ADX value for CSML suggests a possible start of a new trend. |
NASDAQ:CSML (4/22/2024, 8:00:01 PM)
34.9484
+0.24 (+0.71%)
INDEXIQ ETF TRUST IQ U.S. SM / CSML FAQ
What is the technical rating for CSML stock?
ChartMill assigns a technical rating of 2 / 10 to CSML.
What is the current trend direction of INDEXIQ ETF TRUST IQ U.S. SM (CSML) stock?
The current trend direction for INDEXIQ ETF TRUST IQ U.S. SM (CSML) is Bullish.
What is the RSI signal for INDEXIQ ETF TRUST IQ U.S. SM (CSML) stock?
INDEXIQ ETF TRUST IQ U.S. SM (CSML) has an RSI value of 42.2913. This indicates that the stock is currently neutral.
What is the short term momentum for CSML stock?
The short term momentum for INDEXIQ ETF TRUST IQ U.S. SM (CSML) is negative.
What is the support and resistance level for CSML stock?
INDEXIQ ETF TRUST IQ U.S. SM (CSML) has a support level at 34.7 and a resistance level at 35.11. Check the full technical report for our detailed analysis of CSML support and resistance levels.