GLOBAL X ART INTEL & TECH (AIQ) Stock Technical Analysis
NASDAQ:AIQ - Nasdaq - US37954Y6326 - ETF - Currency: USD
Overall AIQ gets a technical rating of 10 out of 10. Both in the recent history as in the last year, AIQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that AIQ is one of the better performing stocks in the market, outperforming 81% of all stocks.
AIQ is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AIQ is leading the market.
In the last month AIQ has a been trading in the 39.51 - 42.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, AIQ also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 42.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.95, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
31.15
43.21
We found 5 important support areas.
- A support zone ranging from 41.37 to 41.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.09 from a horizontal line in the daily time frame.
- Support @33.48 from a trend line in the weekly time frame.
- Support @32.77 from a horizontal line in the weekly time frame.
- Support @31.46 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 42.42 to 42.78. 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 AIQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AIQ is up. |
| ChartMill Relative Strength | 81.88 | POSITIVE | AIQ has a high relative strength, it outperformed 81.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AIQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AIQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AIQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.4 | NEUTRAL | The RSI value for AIQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests AIQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.89 | NEUTRAL | The Stochastics value for AIQ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for AIQ suggests low volalility. |
| Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for AIQ 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)
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 |
|---|---|---|---|
| 42.79 | 41.36 | 1.43 (3.34%) | 25.00% |
| An entry @42.79. This is a Buy Stop order right above the resistance zone. | An exit @41.36. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.43 points, which is 3.34%. | For a 0.84% 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.
41.96
+0.46 (+1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.11%
1 Week0.87%
2 Weeks0.82%
1 Month4.12%
3 Month14.83%
6 Month6.47%
12 Month17.77%
2 Year50.07%
3 Year101.54%
5 Year103.06%
10 Year73.89%
15 Year54.26%
Volatility
ATR(14)0.59
ATR(20)%1.49%
ATR Inc37.53%
Range Today0.82
ADR(20)0.57
ADR(20)%1.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.88
Mansfield0.61
10 Day High42.49
10 Day Low41.17
20 Day High42.49
20 Day Low39.51
52 Week High42.78
52 Week Low30.6
CS1 End41.95
CR1 Start42.42
Volume & EV
DER(3)-4.11%
DER(5)-1%
Volume750.70K
Volume Incr15.37%
Vol(5)617.84K
Vol(50)497.11K