Technical Analysis for TAN - Invesco Solar ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 42.25 | -0.84% | -0.36 |
TAN closed down 1.66 percent on Friday, May 17, 2024, on approximately normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Down | Down |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Fell Below 50 DMA | Bearish | -0.84% | |
| NR7 | Range Contraction | -0.84% | |
| Narrow Range Bar | Range Contraction | -0.84% | |
| Down 3 Days in a Row | Weakness | -0.84% | |
| Upper Bollinger Band Walk | Strength | -3.38% | |
| Gapped Up | Strength | -3.38% | |
| Upper Bollinger Band Touch | Strength | -3.38% | |
| Crossed Above 50 DMA | Bullish | -3.47% | |
| Pocket Pivot | Bullish Swing Setup | -3.47% | |
| Gapped Up | Strength | -3.47% |
| Alert | Time |
|---|---|
| Down 1% | 21 minutes ago |
| Fell Below Previous Day's Low | 27 minutes ago |
| Fell Below 50 DMA | 3 days ago |
| Possible NR7 | 3 days ago |
| 10 DMA Support | 3 days 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 | 1,107,170 |
| 200-Day Moving Average | 47.41 |
| 50-Day Moving Average | 42.75 |
| 20-Day Moving Average | 41.91 |
| 10-Day Moving Average | 43.03 |
| Average True Range | 1.35 |
| RSI (14) | 50.98 |
| ADX | 17.26 |
| +DI | 29.77 |
| -DI | 18.62 |
| Chandelier Exit (Long, 3 ATRs) | 41.16 |
| Chandelier Exit (Short, 3 ATRs) | 42.87 |
| Upper Bollinger Bands | 44.58 |
| Lower Bollinger Band | 39.24 |
| Percent B (%b) | 0.63 |
| BandWidth | 12.75 |
| MACD Line | 0.28 |
| MACD Signal Line | 0.06 |
| MACD Histogram | 0.2185 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 43.57 | ||||
| Resistance 3 (R3) | 43.66 | 43.42 | 43.41 | ||
| Resistance 2 (R2) | 43.42 | 43.18 | 43.38 | 43.36 | |
| Resistance 1 (R1) | 43.02 | 43.03 | 42.90 | 42.93 | 43.30 |
| Pivot Point | 42.78 | 42.78 | 42.73 | 42.74 | 42.78 |
| Support 1 (S1) | 42.38 | 42.54 | 42.26 | 42.29 | 41.92 |
| Support 2 (S2) | 42.14 | 42.39 | 42.10 | 41.86 | |
| Support 3 (S3) | 41.74 | 42.14 | 41.81 | ||
| Support 4 (S4) | 41.65 |
