Overall CEFS gets a technical rating of 1 out of 10. CEFS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of CEFS is bad and it also does not present a quality setup 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
19.14
We found 4 important support areas.
- Strong support @22.18 from a horizontal line in the daily time frame.
- Support @21.62 from a horizontal line in the daily time frame.
- Support @20.31 from a trend line in the weekly time frame.
- A support zone ranging from 19.33 to 19.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 22.41 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 | NEUTRAL | NEUTRAL | The long term trend for CEFS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CEFS is down. |
| ChartMill Relative Strength | 47.75 | NEUTRAL | CEFS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CEFS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CEFS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CEFS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.69 | NEUTRAL | The RSI value for CEFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CEFS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.67 | OVERSOLD | The low Stochastics value suggests CEFS may be oversold. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for CEFS suggests low volalility. |
| Average Directional Index/ADX (14) | 15.05 | NEGATIVE | The low ADX value for CEFS suggests a weak or negative trend. |
22.31
+0.18 (+0.81%)
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 1 / 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 Bearish.
What is the RSI signal for CEFS stock?
SABA CLOSED END FUNDS ETF (CEFS) has an RSI value of 38.6887. 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 -0.0633399, indicating a bearish trend.