ETC GAVEKAL ASIA PACIFIC GOV (AGOV) Stock Technical Analysis
NYSEARCA:AGOV - NYSE Arca - US30151E6573 - ETF - Currency: USD
Taking everything into account, AGOV scores 0 out of 10 in our technical rating. AGOV'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.
When comparing the yearly performance of all stocks, AGOV is a bad performer in the overall market: 63% of all stocks are doing better.
AGOV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AGOV is lagging the market.
Warning: AGOV has an average volume of 1640 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month AGOV has a been trading in the 69.47 - 74.49 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
AGOV has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 73.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 72.97, 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
71.18
84.15
When analyzing the support we notice one important area.
- A support zone ranging from 71.90 to 72.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 73.13 to 75.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 78.20 to 78.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @80.87 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 82.97 to 83.32. 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 | DOWN | NEGATIVE | The long term trend for AGOV is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AGOV is neutral. |
| ChartMill Relative Strength | 37.96 | NEUTRAL | AGOV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AGOV is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AGOV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AGOV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.88 | NEUTRAL | The RSI value for AGOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests AGOV has a positive trend. |
| Stochastics (14,3) | 60.92 | NEUTRAL | The Stochastics value for AGOV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for AGOV suggests low volalility. |
| Average Directional Index/ADX (14) | 16.73 | NEGATIVE | The low ADX value for AGOV suggests a weak or negative trend. |
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)
NYSEARCA:AGOV (11/14/2023, 8:22:27 PM)
73.1038
+0.53 (+0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.74%
1 Week0.73%
2 Weeks1.53%
1 Month-0.54%
3 Month-2.55%
6 Month-4.38%
12 Month-9.02%
2 Year-25.67%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.81
ATR(20)%1.96%
ATR Inc-49.58%
Range Today1.1
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS37.96
Mansfield-1.1
10 Day High74.31
10 Day Low69.47
20 Day High74.49
20 Day Low69.47
52 Week High82.73
52 Week Low69.47
CS1 End72.97
CR1 Start73.13
Volume & EV
DER(3)0%
DER(5)0%
Volume600
Volume Incr-37.86%
Vol(5)320
Vol(50)1.64K