Global X Brazil Consumer ETF (BRAQ) Stock Technical Analysis
NYSEARCA:BRAQ - NYSE Arca -
Taking everything into account, BRAQ scores 7 out of 10 in our technical rating. 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 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
13.39
18.87
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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:BRAQ (10/6/2017, 8:04:04 PM)
17.35
+0.23 (+1.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.34%
1 Week1.7%
2 Weeks-5.66%
1 Month-3.13%
3 Month30.84%
6 Month26.37%
12 Month23.93%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%2.54%
ATR Inc-57.09%
Range Today0.26
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.62
Mansfield1.4
10 Day High18.19
10 Day Low15.5
20 Day High18.95
20 Day Low15.5
52 Week High18.95
52 Week Low11.08
CS1 End17.34
CR1 Start18.57
Volume & EV
DER(3)3.89%
DER(5)2.33%
Volume8.60K
Volume Incr-67.13%
Vol(5)5.84K
Vol(50)8.86K