Technical Analysis for TAN - Invesco Solar ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| F | 39.79 | -1.29% | -0.52 |
TAN closed down 1.29 percent on Thursday, April 25, 2024, on approximately normal volume. The bears made the stock sink to a new 52-week low. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Hammer Candlestick | Bullish | 0.00% | |
| Gilligan's Island Buy Setup | Bullish Swing Setup | 0.00% | |
| New 52 Week Low | Weakness | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| Oversold Stochastic | Weakness | 0.00% | |
| Shooting Star Candlestick | Bearish | -1.29% | |
| Doji - Bearish? | Reversal | -1.29% | |
| Multiple of Ten Bullish | Other | -1.29% | |
| Oversold Stochastic | Weakness | -1.29% | |
| Slingshot Bearish | Bearish Swing Setup | -1.75% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | about 9 hours ago |
| Down 3% | about 13 hours ago |
| New 52 Week Low | about 13 hours ago |
| Down 1 ATR | about 13 hours ago |
| Gapped Down (Full) | about 13 hours ago |
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The investment seeks to track the investment results (before fees and expenses) of the MAC Global Solar Energy Index. The fund will generally invest at least 90% of its total assets in the securities (including American depositary receipts (?ADRs?)) that comprise the index. Strictly in accordance with its guidelines and mandated procedures, MAC Indexing LLC compiles, maintains, and calculates the index, which is designed to track the global solar energy equity sector. The fund is non-diversified.
Keywords: Exchange Traded Funds American Depositary Receipt
Classification
Keywords: Exchange Traded Funds American Depositary Receipt
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 74.6403 |
| 52 Week Low | 38.83 |
| Average Volume | 1,172,399 |
| 200-Day Moving Average | 49.64 |
| 50-Day Moving Average | 43.30 |
| 20-Day Moving Average | 42.19 |
| 10-Day Moving Average | 40.23 |
| Average True Range | 1.37 |
| RSI (14) | 37.50 |
| ADX | 8.86 |
| +DI | 24.28 |
| -DI | 28.99 |
| Chandelier Exit (Long, 3 ATRs) | 42.03 |
| Chandelier Exit (Short, 3 ATRs) | 42.93 |
| Upper Bollinger Bands | 46.38 |
| Lower Bollinger Band | 37.99 |
| Percent B (%b) | 0.21 |
| BandWidth | 19.87 |
| MACD Line | -1.12 |
| MACD Signal Line | -0.90 |
| MACD Histogram | -0.2139 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 41.36 | ||||
| Resistance 3 (R3) | 41.22 | 40.55 | 41.10 | ||
| Resistance 2 (R2) | 40.55 | 40.15 | 40.62 | 41.01 | |
| Resistance 1 (R1) | 40.17 | 39.90 | 40.36 | 40.31 | 40.93 |
| Pivot Point | 39.50 | 39.50 | 39.59 | 39.57 | 39.50 |
| Support 1 (S1) | 39.12 | 39.10 | 39.31 | 39.27 | 38.65 |
| Support 2 (S2) | 38.45 | 38.85 | 38.52 | 38.57 | |
| Support 3 (S3) | 38.07 | 38.45 | 38.48 | ||
| Support 4 (S4) | 38.22 |
