ISHARES GSCI COMMODITY DYNAM (COMT) Stock Technical Analysis
USA - NASDAQ:COMT - US46431W8534 - ETF
We assign a technical rating of 6 out of 10 to COMT. Although COMT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
COMT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 26.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for COMT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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24.17
4 important support areas can be observed.
- A support zone ranging from 26.50 to 26.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 25.85 to 26.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @25.07 from a horizontal line in the weekly time frame.
- Support @24.41 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.92 to 27.90. 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 COMT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COMT is up. |
| ChartMill Relative Strength | 56.41 | NEUTRAL | COMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of COMT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.57 | NEUTRAL | The RSI value for COMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests COMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.69 | NEUTRAL | The Stochastics value for COMT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.13 | LOW VOLATILITY | The low ATR as a percentage value for COMT suggests low volalility. |
| Average Directional Index/ADX (14) | 12.1 | NEGATIVE | The low ADX value for COMT suggests a weak or negative 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 |
|---|---|---|---|
| 27.31 | 26.49 | 0.82 (3.00%) | 25.00% |
| An entry @27.31. This is a Buy Stop order right above the 10 day high. | An exit @26.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.82 points, which is 3.00%. | For a 0.75% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
26.89
-0.25 (-0.91%)
ISHARES GSCI COMMODITY DYNAM / COMT FAQ
What is the technical rating for COMT stock?
ChartMill assigns a technical rating of 6 / 10 to COMT.
What is the trend direction for COMT stock?
The current trend direction for ISHARES GSCI COMMODITY DYNAM (COMT) is Bullish.
Can you provide the RSI signal for ISHARES GSCI COMMODITY DYNAM?
ISHARES GSCI COMMODITY DYNAM (COMT) has an RSI value of 52.5723. This indicates that the stock is currently neutral.
What is the short term momentum for COMT stock?
The short term momentum for ISHARES GSCI COMMODITY DYNAM (COMT) is positive.
What is the buy/sell signal for ISHARES GSCI COMMODITY DYNAM (COMT) stock?
The buy/sell signal for ISHARES GSCI COMMODITY DYNAM (COMT) is buy as both the short term and long term trends are positive.