ANGL Technical Analysis - VANECK FALLEN ANGEL HIGH YLD

Technical Rating and Analysis

Taking everything into account, ANGL scores 4 out of 10 in our technical rating. In the last year, ANGL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

ANGL is one of the lesser performing stocks in the Automobile Components industry. 63% of 81 stocks in the same industry do better.

ANGL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ANGL is lagging the market slightly.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

When compared to the yearly performance of all other stocks, ANGL outperforms 45% of them, which is more or less in line with the market.

In the last month ANGL has a been trading in a tight range between 29.22 and 29.75.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

VANECK FALLEN ANGEL HIGH YLD / ANGL Weekly stock chart

VANECK FALLEN ANGEL HIGH YLD / ANGL Daily stock chart

Setup Rating and Analysis

ANGL has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

27.01

30.03

We found 3 important support areas.

A support zone ranging from 28.75 to 29.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 28.15 to 28.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 27.28 to 27.61. 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 29.34 to 29.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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 ANGL is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ANGL is down.
ChartMill Relative Strength	45.93	NEUTRAL	ANGL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ANGL is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ANGL is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ANGL is above the rising SMA(200).
Relative Strength Index/RSI (14)	31.07	NEUTRAL	The RSI value for ANGL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests ANGL has a negative trend.
Stochastics (14,3)	7.48	OVERSOLD	The low Stochastics value suggests ANGL may be oversold.
Average True Range in percent/ATR (20)	0.31	LOW VOLATILITY	The low ATR as a percentage value for ANGL suggests low volalility.
Average Directional Index/ADX (14)	21.43	NEUTRAL	The ADX value for ANGL suggests a possible start of a new trend.