IQ Enhanced Core Plus Bond U.S. ETF (AGGP) Stock Technical Analysis
USA - NYSEARCA:AGGP -
Taking everything into account, AGGP scores 1 out of 10 in our technical rating. AGGP performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, AGGP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 19.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.82, a Stop Loss order could be placed below this zone.
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19.15
When analyzing the support we notice one important area.
- A support zone ranging from 19.34 to 19.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 19.89 to 20.16. 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 | NEUTRAL | NEUTRAL | The long term trend for AGGP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AGGP is down. |
| ChartMill Relative Strength | 21.45 | NEGATIVE | AGGP has a low relative strength, it was outperformed by 78.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AGGP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AGGP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AGGP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.51 | NEUTRAL | The RSI value for AGGP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests AGGP has a negative trend. |
| Stochastics (14,3) | 41.67 | NEUTRAL | The Stochastics value for AGGP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for AGGP suggests low volalility. |
IQ Enhanced Core Plus Bond U.S. ETF
NYSEARCA:AGGP (2/4/2021, 8:04:02 PM)
19.88
0 (0%)