ALLSPRING BRD MRKT CORE BND (AFIX) Stock Technical Analysis
NYSEARCA:AFIX - NYSE Arca - US01989A3086 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to AFIX. Although AFIX is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
AFIX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.08. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.98, a Stop Loss order could be placed below this zone.
More info and screens
24.04
We found 1 important support area.
- A support zone ranging from 24.28 to 24.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.08 to 25.13. 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 AFIX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AFIX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | AFIX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AFIX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AFIX is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 57.24 | NEUTRAL | The RSI value for AFIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AFIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.08 | OVERBOUGHT | The high Stochastics value suggests AFIX may be overbought. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for AFIX suggests low volalility. |
| Average Directional Index/ADX (14) | 21.89 | NEUTRAL | The ADX value for AFIX suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 25.14 | 24.76 | 0.38 (1.51%) | 25.00% |
| An entry @25.14. This is a Buy Stop order right above the resistance zone. | An exit @24.76. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.38 points, which is 1.51%. | For a 0.38% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
25.018
-0.05 (-0.21%)