GLOBAL X COPPER MINERS ETF (COPX) Technical Analysis
NYSEARCA:COPX • US37954Y8306
Current stock price
COPX Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to COPX. In the last year, COPX was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Looking at the yearly performance, COPX did better than 91% of all other stocks. On top of that, COPX also shows a nice and consistent pattern of rising prices.
- COPX has an average volume of 5945140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- COPX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so COPX is lagging the market slightly.
- In the last month COPX has a been trading in the 68.49 - 84.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
COPX Weekly and Daily overview Charts
COPX Setup Rating and Analysis
Although the technical rating is only medium, COPX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 76.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 71.47, a Stop Loss order could be placed below this zone.
More info and screens
COPX Support and Resistance Analysis
68.39
2 important support areas can be observed.
- A support zone ranging from 70.90 to 71.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 69.08 to 69.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 76.86 to 78.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @94.23 from a horizontal line in the daily time frame.
COPX Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for COPX is down. |
| ChartMill Relative Strength | 91.97 | POSITIVE | COPX has a high relative strength, it outperformed 91.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of COPX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of COPX is below a declining 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) | 47.83 | NEUTRAL | The RSI value for COPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.74 | POSITIVE | The MACD value suggests COPX has a positive trend. |
| Stochastics (14,3) | 75.06 | NEUTRAL | The Stochastics value for COPX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for COPX suggests some volalility. |
| Average Directional Index/ADX (14) | 27.18 | POSITIVE | The high ADX value value for COPX suggests a strong trend. |
COPX Chart- and CandleStick Pattern Analysis
COPX Technicals: Chart, Performance Metrics, Trend & Indicators
76.74
+0.02 (+0.03%)
GLOBAL X COPPER MINERS ETF / COPX TA FAQ
What is the ChartMill technical rating of GLOBAL X COPPER MINERS ETF (COPX) stock?
ChartMill assigns a technical rating of 5 / 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.
What is the RSI signal for COPX stock?
GLOBAL X COPPER MINERS ETF (COPX) has an RSI value of 47.8286. This indicates that the stock is currently neutral.
What is the short term momentum for GLOBAL X COPPER MINERS ETF (COPX) stock?
The short term momentum for GLOBAL X COPPER MINERS ETF (COPX) is negative.
What is the buy/sell signal for COPX stock?
The buy/sell signal for GLOBAL X COPPER MINERS ETF (COPX) is hold as the short term and long term trends are mixed.