We assign a technical rating of 10 out of 10 to COPX. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, COPX did better than 94% of all other stocks. On top of that, COPX also shows a nice and consistent pattern of rising prices.
- COPX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month COPX has a been trading in the 68.58 - 82.89 range, which is quite wide. It is currently trading near the high of this range.
- COPX has an average volume of 2710890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Although COPX has an excellent technical rating, the quality of the presented setup is not ideal 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
56.41
We found 6 important support areas.
- Support @77.64 from a trend line in the daily time frame.
- Support @71.79 from a horizontal line in the daily time frame.
- Support @66.21 from a trend line in the weekly time frame.
- Support @64.58 from a trend line in the daily time frame.
- Support @59.04 from a horizontal line in the daily time frame.
- Support @56.98 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 | 94.59 | POSITIVE | COPX has a high relative strength, it outperformed 94.59% 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) | 68.25 | NEUTRAL | The RSI value for COPX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests COPX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.66 | OVERBOUGHT | The high Stochastics value suggests COPX may be overbought. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for COPX suggests some volalility. |
| Average Directional Index/ADX (14) | 33.84 | POSITIVE | The high ADX value value for COPX suggests a strong 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 |
|---|---|---|---|
| 82.90 | 77.63 | 5.27 (6.36%) | 15.73% |
| An entry @82.90. This is a Buy Stop order right above the 10 day high. | An exit @77.63. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.27 points, which is 6.36%. | When investing 15.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
80.77
-1.27 (-1.55%)
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 68.2529. 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 0.351386, 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.