SABA CLOSED END FUNDS ETF (CEFS) Stock Technical Analysis
NYSEARCA:CEFS - NYSE Arca - US30151E8066 - ETF - Currency: USD
Taking everything into account, CEFS scores 5 out of 10 in our technical rating. In the last year, CEFS was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, CEFS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for CEFS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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19.14
When analyzing the support we can see 3 important areas.
- A support zone ranging from 21.62 to 21.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @20.52 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.31 to 22.61. 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 | NEUTRAL | NEUTRAL | The short term trend for CEFS is neutral. |
| ChartMill Relative Strength | 53.62 | 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) | UP | POSITIVE | The current price of CEFS is above the rising 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) | 42.28 | NEUTRAL | The RSI value for CEFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CEFS has a negative trend. |
| Stochastics (14,3) | 25.91 | NEUTRAL | The Stochastics value for CEFS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for CEFS suggests low volalility. |
| Average Directional Index/ADX (14) | 11.39 | NEGATIVE | The low ADX value for CEFS suggests a weak or negative trend. |
NYSEARCA:CEFS (8/4/2025, 11:43:56 AM)
22.23
+0.05 (+0.23%)