GLOBAL X S&P 500 US REV LDS (EGLE) Stock Technical Analysis
NYSEARCA:EGLE - NYSE Arca - US37960A3620 - ETF - Currency: USD
Overall EGLE gets a technical rating of 5 out of 10. EGLE has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, EGLE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.10, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
26.24
When analyzing the support we can see 2 important areas.
- A support zone ranging from 27.88 to 28.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @26.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 28.30 to 28.30. 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 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) | 62.07 | NEUTRAL | The RSI value for EGLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests EGLE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.35 | NEUTRAL | The Stochastics value for EGLE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.59 | LOW VOLATILITY | The low ATR as a percentage value for EGLE suggests low volalility. |
| Average Directional Index/ADX (14) | 24.92 | NEUTRAL | The ADX value for EGLE suggests a possible start of a new trend. |
NYSEARCA:EGLE (7/21/2025, 8:04:00 PM)
28.1727
+0.02 (+0.06%)