INVESCO SOLAR ETF (TAN) Stock Technical Analysis
NYSEARCA:TAN - NYSE Arca - US46138G7060 - ETF - Currency: USD
Taking everything into account, TAN scores 1 out of 10 in our technical rating. TAN'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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
77% of all other stocks performed better in the past year than TAN.
TAN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month TAN has a been trading in the 32.45 - 36.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, TAN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 34.34, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
32.22
43.12
When analyzing the support we can see 2 important areas.
- A support zone ranging from 33.53 to 34.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 32.55 to 32.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 34.45 to 34.88. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- A resistance zone ranging from 35.51 to 35.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @36.48 from a trend line in the weekly time frame.
- A resistance zone ranging from 37.07 to 37.47. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @39.52 from a trend line in the weekly time frame.
- Resistance @42.69 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.6
Mansfield-2.02
10 Day High36.4
10 Day Low32.72
20 Day High36.4
20 Day Low32.45
52 Week High49.93
52 Week Low32.12
Performance
1 Week2.01%
2 Weeks0.5%
1 Month2.71%
3 Month-0.58%
6 Month-18.33%
12 Month-17.98%
2 Year-53.64%
3 Year-51.81%
5 Year-5.57%
10 Year-12.81%
15 Year-55.62%
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)
Technical Indicators
MACD(12,26,9)0.18
RSI(14)51.33
LBB32.75
UBB35.6
NYSEARCA:TAN (2/21/2025, 8:04:00 PM)
34.44
-0.94 (-2.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.66%
1 Week2.01%
2 Weeks0.5%
1 Month2.71%
3 Month-0.58%
6 Month-18.33%
12 Month-17.98%
2 Year-53.64%
3 Year-51.81%
5 Year-5.57%
10 Year-12.81%
15 Year-55.62%
Volatility
ATR(14)0.95
ATR(20)%2.77%
ATR Inc13.84%
Range Today1.33
ADR(20)0.84
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.6
Mansfield-2.02
10 Day High36.4
10 Day Low32.72
20 Day High36.4
20 Day Low32.45
52 Week High49.93
52 Week Low32.12
CS1 End34.34
CR1 Start34.45
Volume & EV
DER(3)-1.71%
DER(5)2.42%
Volume448.60K
Volume Incr25.78%
Vol(5)801.92K
Vol(50)840.56K