Global X Brazil Consumer ETF (BRAQ) Technical Analysis
NYSEARCA:BRAQ
Current stock price
BRAQ Technical Rating and Analysis
Overall BRAQ gets a technical rating of 7 out of 10. 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.
- Warning: BRAQ has an average volume of 8858 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- BRAQ 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 BRAQ is lagging the market slightly.
- Looking at the yearly performance, BRAQ did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month BRAQ has a been trading in the 15.50 - 18.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BRAQ Weekly and Daily overview Charts
BRAQ Setup Rating and Analysis
BRAQ has an excellent technical rating, but the quality of the setup is only medium 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
BRAQ Support and Resistance Analysis
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.
When analyzing the resistance we notice one important 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.
BRAQ 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 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. |
BRAQ Chart- and CandleStick Pattern Analysis
BRAQ Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:BRAQ (10/6/2017, 8:04:04 PM)
17.35
+0.23 (+1.34%)
Global X Brazil Consumer ETF / BRAQ TA FAQ
What is the technical rating for BRAQ stock?
ChartMill assigns a technical rating of 6 / 10 to BRAQ.
What is the current trend direction of Global X Brazil Consumer ETF (BRAQ) stock?
The current trend direction for Global X Brazil Consumer ETF (BRAQ) is Bullish.
Can you provide the RSI signal for Global X Brazil Consumer ETF?
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.
What is the short term momentum for Global X Brazil Consumer ETF (BRAQ) stock?
The short term momentum for Global X Brazil Consumer ETF (BRAQ) is neutral.