SPDR SSGA GLOBAL ALLOCATION (GAL) Stock Technical Analysis
USA - NYSEARCA:GAL - US78467V4005 - ETF
49.236 USD
+0.04 (+0.08%)
49 USD
-0.24 (-0.48%)
Overall GAL gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GAL is only an average performer.
Warning: GAL has an average volume of 11322 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.
A new 52 week high is currently being made by GAL, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
When comparing the performance of all stocks over the past year, GAL turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
In the last month GAL has a been trading in a tight range between 47.67 and 49.31.
GAL has an excellent technical rating, but the quality of the setup is only medium 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
41.33
49.74
When analyzing the support we can see 4 important areas.
- A support zone ranging from 45.90 to 48.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.22 from a trend line in the weekly time frame.
- A support zone ranging from 42.49 to 43.16. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @41.75 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.25 to 49.25. 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 GAL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GAL is up. |
| ChartMill Relative Strength | 56.79 | NEUTRAL | GAL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GAL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GAL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.71 | NEUTRAL | The RSI value for GAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GAL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.37 | OVERBOUGHT | The high Stochastics value suggests GAL may be overbought. |
| Average True Range in percent/ATR (20) | 0.5 | LOW VOLATILITY | The low ATR as a percentage value for GAL suggests low volalility. |
| Average Directional Index/ADX (14) | 32.2 | POSITIVE | The high ADX value value for GAL suggests a strong trend. |
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)
49.236
+0.04 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.08%
1 Week0.48%
2 Weeks2.5%
1 Month2.58%
3 Month6.27%
6 Month8.45%
12 Month8.86%
2 Year28.86%
3 Year36.84%
5 Year26.44%
10 Year51.59%
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%0.5%
ATR Inc-28.61%
Range Today0.16
ADR(20)0.2
ADR(20)%0.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.79
Mansfield-0.31
10 Day High49.31
10 Day Low48.05
20 Day High49.31
20 Day Low47.67
52 Week High49.31
52 Week Low41
CS1 End48.98
CR1 Start49.25
Volume & EV
DER(3)-0.99%
DER(5)-1.1%
Volume17.40K
Volume Incr-23.59%
Vol(5)12.00K
Vol(50)11.32K