Global X Brazil Consumer ETF (BRAQ) Stock Technical Analysis
USA - NYSEARCA:BRAQ -
We assign a technical rating of 7 out of 10 to BRAQ. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although BRAQ has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
13.39
4 important support areas can be observed.
- Support @17.34 from a trend line in the daily time frame.
- A support zone ranging from 17.06 to 17.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.97 from a trend line in the weekly time frame.
- Support @13.53 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.57 to 18.68. 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 BRAQ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for BRAQ is neutral. |
| ChartMill Relative Strength | 86.62 | POSITIVE | BRAQ has a high relative strength, it outperformed 86.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BRAQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BRAQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BRAQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.96 | NEUTRAL | The RSI value for BRAQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests BRAQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.71 | NEUTRAL | The Stochastics value for BRAQ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.54 | MEDIUM VOLATILITY | The ATR as a percentage value for BRAQ suggests some volalility. |
NYSEARCA:BRAQ (10/6/2017, 8:04:04 PM)
17.35
+0.23 (+1.34%)
Global X Brazil Consumer ETF / BRAQ FAQ
What is the technical rating for BRAQ stock?
ChartMill assigns a technical rating of 6 / 10 to BRAQ.
What is the trend direction for BRAQ stock?
The current trend direction for Global X Brazil Consumer ETF (BRAQ) is Bullish.
What is the RSI signal for Global X Brazil Consumer ETF (BRAQ) stock?
Global X Brazil Consumer ETF (BRAQ) has an RSI value of 49.9581. This indicates that the stock is currently neutral.
What is the MACD signal for Global X Brazil Consumer ETF (BRAQ) stock?
The MACD indicator for Global X Brazil Consumer ETF (BRAQ) has a value of -0.179489, indicating a bearish trend.