EGLE Technical Analysis - GLOBAL X S&P 500 US REV LDS

Technical Rating and Analysis

Taking everything into account, EGLE scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, EGLE is a bad performer.

100% of all other stocks performed better in the past year than EGLE.

EGLE is part of the Marine Transportation industry. There are 35 other stocks in this industry, of which 82% are performing better than EGLE.

Warning: EGLE has an average volume of 650 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.

In the last month EGLE has a been trading in a tight range between 28.10 and 29.02.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GLOBAL X S&P 500 US REV LDS / EGLE Weekly stock chart

GLOBAL X S&P 500 US REV LDS / EGLE Daily stock chart

Setup Rating and Analysis

EGLE has an average technical rating and the quality of the presented setup is also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

26.86

29.31

3 important support areas can be observed.

A support zone ranging from 28.35 to 28.73. 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 27.87 to 27.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 27.13 to 27.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 28.90 to 29.02. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 EGLE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EGLE is up.
ChartMill Relative Strength	0	NEGATIVE	EGLE has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EGLE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EGLE is above the rising SMA(50).
Relative Strength Index/RSI (14)	61.78	NEUTRAL	The RSI value for EGLE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests EGLE has a positive trend.
Stochastics (14,3)	94.88	OVERBOUGHT	The high Stochastics value suggests EGLE may be overbought.
Average True Range in percent/ATR (20)	0.5	LOW VOLATILITY	The low ATR as a percentage value for EGLE suggests low volalility.
Average Directional Index/ADX (14)	12.77	NEGATIVE	The low ADX value for EGLE suggests a weak or negative trend.