Taking everything into account, CWEB scores 1 out of 10 in our technical rating. CWEB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, CWEB does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
40.23
We found 2 important support areas.
- Support @42.13 from a horizontal line in the weekly time frame.
- Support @40.64 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 45.90 to 46.19. 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 | DOWN | NEGATIVE | The long term trend for CWEB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CWEB is down. |
| ChartMill Relative Strength | 33.56 | NEUTRAL | CWEB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CWEB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CWEB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CWEB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.01 | NEUTRAL | The RSI value for CWEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CWEB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.55 | OVERSOLD | The low Stochastics value suggests CWEB may be oversold. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for CWEB suggests some volalility. |
| Average Directional Index/ADX (14) | 26.08 | POSITIVE | The high ADX value value for CWEB suggests a strong trend. |
42.14
+0.67 (+1.62%)
DRX DLY CHINA INT BULL 2X / CWEB FAQ
What is the technical rating for CWEB stock?
ChartMill assigns a technical rating of 1 / 10 to CWEB.
What is the current trend direction of DRX DLY CHINA INT BULL 2X (CWEB) stock?
The current trend direction for DRX DLY CHINA INT BULL 2X (CWEB) is Bearish.
Can you provide the RSI signal for DRX DLY CHINA INT BULL 2X?
DRX DLY CHINA INT BULL 2X (CWEB) has an RSI value of 39.0133. This indicates that the stock is currently neutral.
What is the MACD signal for CWEB stock?
The MACD indicator for DRX DLY CHINA INT BULL 2X (CWEB) has a value of -0.0025122, indicating a bearish trend.
What is the support and resistance level for CWEB stock?
DRX DLY CHINA INT BULL 2X (CWEB) has a support level at 42.13 and a resistance level at 45.9. Check the full technical report for our detailed analysis of CWEB support and resistance levels.