iPath GBP/USD Exchange Rate ETN (GBB) Stock Technical Analysis
USA - NYSEARCA:GBB -
36.14
+0.17 (+0.47%)
Taking everything into account, GBB scores 6 out of 10 in our technical rating. Although GBB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: GBB has an average volume of 618 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
GBB 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 GBB is lagging the market slightly.
When compared to the yearly performance of all other stocks, GBB outperforms 63% of them, which is more or less in line with the market.
In the last month GBB has a been trading in a tight range between 35.78 and 37.80.
Volume is considerably higher in the last couple of days.
GBB has an average technical rating and it also does not offer a high quality setup 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
31.42
37.89
When analyzing the support we can see 3 important areas.
- A support zone ranging from 35.10 to 35.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.50 from a horizontal line in the daily time frame.
- A support zone ranging from 31.74 to 31.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 36.34 to 37.51. This zone is formed by a combination of multiple trend lines and important moving averages 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 GBB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GBB is neutral. |
| ChartMill Relative Strength | 63.06 | NEUTRAL | GBB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GBB is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GBB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GBB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44 | NEUTRAL | The RSI value for GBB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests GBB has a negative trend. |
| Stochastics (14,3) | 28.93 | NEUTRAL | The Stochastics value for GBB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for GBB 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)
iPath GBP/USD Exchange Rate ETN
NYSEARCA:GBB (4/12/2018, 8:20:18 PM)
36.14
+0.17 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.47%
1 Week-1.36%
2 Weeks-2.46%
1 Month3.7%
3 Month1.8%
6 Month1.43%
12 Month9.95%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.56
ATR(20)%1.46%
ATR Inc353.86%
Range Today1.72
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
CRS63.06
Mansfield-0.06
10 Day High37.5
10 Day Low35.78
20 Day High37.8
20 Day Low35.78
52 Week High37.8
52 Week Low32.63
CS1 End35.49
CR1 Start36.34
Volume & EV
DER(3)3.22%
DER(5)1.93%
Volume2.20K
Volume Incr236.84%
Vol(5)960
Vol(50)618