S&P Middle East & Africa ETF (GAF) Technical Analysis
NYSEARCA:GAF
Current stock price
GAF Technical Rating and Analysis
Overall GAF gets a technical rating of 7 out of 10. Although GAF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- GAF is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GAF is performing more or less in line with the market.
- 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 compared to the yearly performance of all other stocks, GAF outperforms 55% of them, which is more or less in line with the market.
- Volume is considerably higher in the last couple of days.
GAF Weekly and Daily overview Charts
GAF Setup Rating and Analysis
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
GAF Support and Resistance Analysis
57.12
2 important support areas can be observed.
- 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.
We found 1 important resistance 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.
GAF 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 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. |
GAF Chart- and CandleStick Pattern Analysis
GAF Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:GAF (7/24/2017, 8:45:17 PM)
62.83
-0.57 (-0.9%)
S&P Middle East & Africa ETF / GAF TA FAQ
What is the ChartMill technical rating of S&P Middle East & Africa ETF (GAF) stock?
ChartMill assigns a technical rating of 7 / 10 to GAF.
Can you provide the trend direction for S&P Middle East & Africa ETF?
The current trend direction for S&P Middle East & Africa ETF (GAF) is Bullish.
What is the RSI signal for GAF stock?
S&P Middle East & Africa ETF (GAF) has an RSI value of 60.7798. This indicates that the stock is currently neutral.
What is the MACD signal for S&P Middle East & Africa ETF (GAF) stock?
The MACD indicator for S&P Middle East & Africa ETF (GAF) has a value of 0.46141, indicating a bearish trend.
Can you provide the short term momentum for S&P Middle East & Africa ETF?
The short term momentum for S&P Middle East & Africa ETF (GAF) is positive.