We assign a technical rating of 7 out of 10 to DIVZ. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DIVZ is only an average performer.
DIVZ has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 36.22, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DIVZ 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.
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We found 4 important support areas.
- A support zone ranging from 35.84 to 36.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @35.06 from a horizontal line in the daily time frame.
- A support zone ranging from 32.57 to 33.08. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @31.60 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 36.33 to 36.79. This zone is formed by a combination of multiple trend lines and important moving averages 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 DIVZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DIVZ is up. |
| ChartMill Relative Strength | 61.95 | NEUTRAL | DIVZ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DIVZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DIVZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DIVZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.58 | NEUTRAL | The RSI value for DIVZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DIVZ has a negative trend. |
| Stochastics (14,3) | 41.84 | NEUTRAL | The Stochastics value for DIVZ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for DIVZ suggests low volalility. |
| Average Directional Index/ADX (14) | 19.25 | NEGATIVE | The low ADX value for DIVZ suggests a weak or negative 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 |
|---|---|---|---|
| 36.34 | 35.88 | 0.46 (1.27%) | 25.00% |
| An entry @36.34. This is a Buy Stop order right above the 10 day moving average. | An exit @35.88. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.46 points, which is 1.27%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.32%. |
- 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.
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OPAL DIVIDEND INC ETF / DIVZ FAQ
What is the ChartMill technical rating of OPAL DIVIDEND INC ETF (DIVZ) stock?
ChartMill assigns a technical rating of 7 / 10 to DIVZ.
What is the current trend direction of OPAL DIVIDEND INC ETF (DIVZ) stock?
The current trend direction for OPAL DIVIDEND INC ETF (DIVZ) is Bullish.
Can you provide the RSI signal for OPAL DIVIDEND INC ETF?
OPAL DIVIDEND INC ETF (DIVZ) has an RSI value of 52.5818. This indicates that the stock is currently neutral.
Can you provide the MACD signal for OPAL DIVIDEND INC ETF?
The MACD indicator for OPAL DIVIDEND INC ETF (DIVZ) has a value of -0.0059881, indicating a bearish trend.
What are the support and resistance levels for OPAL DIVIDEND INC ETF (DIVZ) stock?
OPAL DIVIDEND INC ETF (DIVZ) has a support level at 36.22 and a resistance level at 36.33. Check the full technical report for our detailed analysis of DIVZ support and resistance levels.