Taking everything into account, COPX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, COPX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although COPX has an excellent technical rating, it does not present a decent entry opportunity 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
55.83
We found 6 important support areas.
- A support zone ranging from 74.98 to 74.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 71.79 to 73.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @65.23 from a trend line in the weekly time frame.
- Support @63.64 from a trend line in the daily time frame.
- Support @59.04 from a horizontal line in the daily time frame.
- Support @56.39 from a trend line in the weekly time frame.
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 COPX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COPX is up. |
| ChartMill Relative Strength | 94.27 | POSITIVE | COPX has a high relative strength, it outperformed 94.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COPX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COPX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of COPX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.62 | NEUTRAL | The RSI value for COPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests COPX has a positive trend. |
| Stochastics (14,3) | 76.44 | NEUTRAL | The Stochastics value for COPX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for COPX suggests some volalility. |
| Average Directional Index/ADX (14) | 31.39 | POSITIVE | The high ADX value value for COPX suggests a strong trend. |
77.54
+1.92 (+2.54%)
GLOBAL X COPPER MINERS ETF / COPX FAQ
What is the ChartMill technical rating of GLOBAL X COPPER MINERS ETF (COPX) stock?
ChartMill assigns a technical rating of 10 / 10 to COPX.
Can you provide the trend direction for GLOBAL X COPPER MINERS ETF?
The current trend direction for GLOBAL X COPPER MINERS ETF (COPX) is Bullish.
Can you provide the RSI signal for GLOBAL X COPPER MINERS ETF?
GLOBAL X COPPER MINERS ETF (COPX) has an RSI value of 67.6243. This indicates that the stock is currently neutral.
What is the MACD signal for COPX stock?
The MACD indicator for GLOBAL X COPPER MINERS ETF (COPX) has a value of 0.144961, indicating a bearish trend.
Can you provide the buy/sell signal for GLOBAL X COPPER MINERS ETF?
The buy/sell signal for GLOBAL X COPPER MINERS ETF (COPX) is buy as both the short term and long term trends are positive.