We assign a technical rating of 7 out of 10 to CEFS. Although CEFS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
CEFS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.83, a Stop Loss order could be placed below this zone.
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19.39
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.13 to 22.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.62 from a horizontal line in the daily time frame.
- Support @20.37 from a trend line in the weekly time frame.
- A support zone ranging from 19.59 to 19.79. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.73 to 23.01. 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 CEFS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CEFS is up. |
| ChartMill Relative Strength | 51.44 | NEUTRAL | CEFS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CEFS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CEFS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CEFS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.62 | NEUTRAL | The RSI value for CEFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests CEFS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.35 | OVERBOUGHT | The high Stochastics value suggests CEFS may be overbought. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for CEFS suggests low volalility. |
| Average Directional Index/ADX (14) | 23.41 | NEUTRAL | The ADX value for CEFS suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 23.02 | 22.54 | 0.48 (2.09%) | 25.00% |
| An entry @23.02. This is a Buy Stop order right above the resistance zone. | An exit @22.54. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.48 points, which is 2.09%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.52%. |
- 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.
22.7
-0.14 (-0.61%)
SABA CLOSED END FUNDS ETF / CEFS FAQ
Can you provide the ChartMill technical rating for SABA CLOSED END FUNDS ETF?
ChartMill assigns a technical rating of 7 / 10 to CEFS.
Can you provide the trend direction for SABA CLOSED END FUNDS ETF?
The current trend direction for SABA CLOSED END FUNDS ETF (CEFS) is Bullish.
What is the RSI signal for CEFS stock?
SABA CLOSED END FUNDS ETF (CEFS) has an RSI value of 54.6245. This indicates that the stock is currently neutral.
What is the MACD signal for SABA CLOSED END FUNDS ETF (CEFS) stock?
The MACD indicator for SABA CLOSED END FUNDS ETF (CEFS) has a value of 0.026211, indicating a bearish trend.
Can you provide the buy/sell signal for SABA CLOSED END FUNDS ETF?
The buy/sell signal for SABA CLOSED END FUNDS ETF (CEFS) is buy as both the short term and long term trends are positive.