SPDR BRIDGEWATER ALL WEATHER (ALLW) Stock Technical Analysis
NASDAQ:ALLW - Nasdaq - US78470P6300 - ETF - Currency: USD
Taking everything into account, ALLW scores 5 out of 10 in our technical rating. In the last year, ALLW was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, ALLW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 25.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.93, a Stop Loss order could be placed below this zone.
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25.53
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.81 to 26.08. 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 | UP | POSITIVE | The long term trend for ALLW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALLW is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ALLW has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALLW is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALLW is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 56.05 | NEUTRAL | The RSI value for ALLW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests ALLW has a negative trend. |
| Stochastics (14,3) | 61.51 | NEUTRAL | The Stochastics value for ALLW is a neutral value. |
| Average True Range in percent/ATR (20) | 0.67 | LOW VOLATILITY | The low ATR as a percentage value for ALLW suggests low volalility. |
| Average Directional Index/ADX (14) | 15.34 | NEGATIVE | The low ADX value for ALLW suggests a weak or negative trend. |
25.79
-0.16 (-0.62%)