Global X Ftse Andean 40 ETF (AND) Stock Technical Analysis
USA - NYSEARCA:AND -
We assign a technical rating of 8 out of 10 to AND. Both in the recent history as in the last year, AND has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, AND also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for AND in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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8.49
4 important support areas can be observed.
- A support zone ranging from 9.30 to 9.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.14 from a trend line in the weekly time frame.
- Support @8.90 from a horizontal line in the daily time frame.
- A support zone ranging from 8.58 to 8.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.72 to 9.91. 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 AND is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AND is neutral. |
| ChartMill Relative Strength | 79.32 | POSITIVE | AND has a high relative strength, it outperformed 79.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AND is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AND is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AND is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.58 | NEUTRAL | The RSI value for AND is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests AND has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.74 | NEUTRAL | The Stochastics value for AND is a neutral value. |
| Average True Range in percent/ATR (20) | 1.21 | LOW VOLATILITY | The low ATR as a percentage value for AND suggests low volalility. |
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 |
|---|---|---|---|
| 9.73 | 9.55 | 0.18 (1.83%) | 25.00% |
| An entry @9.73. This is a Buy Stop order right above the 10 day moving average. | An exit @9.55. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.18 points, which is 1.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.46%. |
- 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.
NYSEARCA:AND (10/6/2017, 8:36:15 PM)
9.696
+0.1 (+1%)
Global X Ftse Andean 40 ETF / AND FAQ
What is the ChartMill technical rating of Global X Ftse Andean 40 ETF (AND) stock?
ChartMill assigns a technical rating of 8 / 10 to AND.
What is the trend direction for AND stock?
The current trend direction for Global X Ftse Andean 40 ETF (AND) is Bullish.
What is the RSI signal for Global X Ftse Andean 40 ETF (AND) stock?
Global X Ftse Andean 40 ETF (AND) has an RSI value of 49.5825. This indicates that the stock is currently neutral.
What is the short term momentum for AND stock?
The short term momentum for Global X Ftse Andean 40 ETF (AND) is neutral.
What are the support and resistance levels for Global X Ftse Andean 40 ETF (AND) stock?
Global X Ftse Andean 40 ETF (AND) has a support level at 9.34 and a resistance level at 9.72. Check the full technical report for our detailed analysis of AND support and resistance levels.