GLOBAL X COPPER MINERS ETF (COPX) Stock Technical Analysis
USA - NYSEARCA:COPX - US37954Y8306 - ETF
61.97 USD
+1.19 (+1.96%)
62.43 USD
+0.46 (+0.74%)
Overall COPX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, COPX is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
COPX is currently making a new 52 week high. This is a strong signal. 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 50.82 - 62.51 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
COPX has an average volume of 1677750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, COPX did better than 86% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although COPX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
31.78
62.59
When analyzing the support we can see 5 important areas.
- A support zone ranging from 55.39 to 55.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @49.16 from a trend line in the daily time frame.
- Support @48.09 from a trend line in the weekly time frame.
- Support @41.98 from a horizontal line in the daily time frame.
- Support @32.10 from a horizontal 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 | 86.22 | POSITIVE | COPX has a high relative strength, it outperformed 86.22% 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) | 87.63 | OVERBOUGHT | The high RSI value suggests COPX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.55 | POSITIVE | The MACD value suggests COPX has a positive trend. |
| Stochastics (14,3) | 93.41 | OVERBOUGHT | The high Stochastics value suggests COPX may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for COPX suggests low volalility. |
| Average Directional Index/ADX (14) | 57.22 | POSITIVE | The high ADX value value for COPX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
61.97
+1.19 (+1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.96%
1 Week8.74%
2 Weeks15.75%
1 Month21.37%
3 Month33.38%
6 Month89.68%
12 Month29.75%
2 Year88.65%
3 Year116.15%
5 Year188.23%
10 Year309.85%
15 Year23.69%
Volatility
ATR(14)1.34
ATR(20)%1.98%
ATR Inc55.09%
Range Today1.24
ADR(20)1.02
ADR(20)%1.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.22
Mansfield2.9
10 Day High62.51
10 Day Low53.75
20 Day High62.51
20 Day Low50.82
52 Week High62.51
52 Week Low30.77
CS1 End55.99
CR1 StartN/A
Volume & EV
DER(3)1.62%
DER(5)-0.15%
Volume3.72M
Volume Incr123.1%
Vol(5)3.89M
Vol(50)1.68M