GLOBAL X CLEANTECH ETF (CTEC) Stock Technical Analysis
NASDAQ:CTEC - Nasdaq - US37954Y2283 - ETF - Currency: USD
Overall CTEC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CTEC is only an average performer.
Warning: CTEC has an average volume of 8380 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
CTEC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CTEC is lagging the market slightly.
In the last month CTEC has a been trading in the 7.79 - 8.70 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, CTEC did better than 77% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CTEC has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 8.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CTEC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
6.66
8.69
We found 4 important support areas.
- A support zone ranging from 8.11 to 8.20. 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 7.89 to 7.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.52 to 7.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.73 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.58 to 8.60. This zone is formed by a combination of multiple trend lines 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 CTEC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CTEC is up. |
| ChartMill Relative Strength | 77.1 | POSITIVE | CTEC has a high relative strength, it outperformed 77.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTEC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CTEC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CTEC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.45 | NEUTRAL | The RSI value for CTEC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests CTEC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.73 | NEUTRAL | The Stochastics value for CTEC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for CTEC suggests some volalility. |
| Average Directional Index/ADX (14) | 37.16 | POSITIVE | The high ADX value value for CTEC 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)
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 |
|---|---|---|---|
| 8.51 | 8.10 | 0.41 (4.82%) | 20.76% |
| An entry @8.51. This is a Buy Stop order right above the 10 day high. | An exit @8.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.41 points, which is 4.82%. | For a 1.00% total portfolio risk, you can invest 20.76% 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.
NASDAQ:CTEC (8/8/2025, 4:26:19 PM)
8.2298
+0.07 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.86%
1 Week4.31%
2 Weeks-4.03%
1 Month4.7%
3 Month28.39%
6 Month20.85%
12 Month7.16%
2 Year-33.25%
3 Year-50.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%2.03%
ATR Inc-18.24%
Range Today0.09
ADR(20)0.13
ADR(20)%1.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.1
Mansfield0.64
10 Day High8.5
10 Day Low7.87
20 Day High8.7
20 Day Low7.79
52 Week High8.7
52 Week Low5.18
CS1 End8.2
CR1 Start8.58
Volume & EV
DER(3)3.37%
DER(5)2.07%
Volume10.82K
Volume Incr-2.23%
Vol(5)8.78K
Vol(50)8.38K