S&P Middle East & Africa ETF (GAF) Stock Technical Analysis
NYSEARCA:GAF - NYSE Arca -
Taking everything into account, GAF scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GAF is only an average performer.
Warning: GAF has an average volume of 1240 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
GAF 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 GAF is lagging the market slightly.
In the last month GAF has a been trading in the 57.51 - 63.50 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, GAF turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
Volume is considerably higher in the last couple of days.
Although GAF has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
57.12
64.96
When analyzing the support we can see 2 important areas.
- A support zone ranging from 58.72 to 61.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 57.70 to 57.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 64.32 to 64.32. 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 GAF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GAF is up. |
| ChartMill Relative Strength | 55.55 | NEUTRAL | GAF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GAF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GAF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GAF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.78 | NEUTRAL | The RSI value for GAF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.46 | POSITIVE | The MACD value suggests GAF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.46 | OVERBOUGHT | The high Stochastics value suggests GAF may be overbought. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for GAF suggests low volalility. |
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)
NYSEARCA:GAF (7/24/2017, 8:45:17 PM)
62.83
-0.57 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.9%
1 Week0.95%
2 Weeks7.83%
1 Month4.23%
3 Month2.33%
6 Month6.58%
12 Month2.7%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%1.39%
ATR Inc13.4%
Range Today1.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.55
Mansfield-0.15
10 Day High63.5
10 Day Low57.51
20 Day High63.5
20 Day Low57.51
52 Week High64.31
52 Week Low51.1
CS1 End61.66
CR1 Start64.32
Volume & EV
DER(3)0%
DER(5)0.54%
Volume3.00K
Volume Incr107.09%
Vol(5)2.92K
Vol(50)1.24K