Market Vectors? Global Alt Energy ETF (GEX) Technical Analysis
NYSEARCA:GEX
Current stock price
GEX Technical Rating and Analysis
Overall GEX 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, GEX is only an average performer.
- Warning: GEX has an average volume of 5206 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!
- GEX is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GEX is leading the market.
- In the last month GEX has a been trading in the 62.01 - 66.93 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that GEX is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- Volume is considerably higher in the last couple of days.
GEX Weekly and Daily overview Charts
GEX Setup Rating and Analysis
GEX 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
GEX Support and Resistance Analysis
58.60
3 important support areas can be observed.
- A support zone ranging from 63.14 to 65.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.57 to 60.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 59.19 to 59.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 66.30 to 66.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
GEX 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 GEX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GEX is up. |
| ChartMill Relative Strength | 79.71 | POSITIVE | GEX has a high relative strength, it outperformed 79.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GEX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.09 | NEUTRAL | The RSI value for GEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests GEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.84 | OVERBOUGHT | The high Stochastics value suggests GEX may be overbought. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for GEX suggests low volalility. |
GEX Chart- and CandleStick Pattern Analysis
GEX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 66.70 | 63.93 | 2.77 (4.15%) | 24.08% |
| An entry @66.70. This is a Buy Stop order right above the resistance zone. | An exit @63.93. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.77 points, which is 4.15%. | For a 1.00% total portfolio risk, you can invest 24.08% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GEX Technicals: Chart, Performance Metrics, Trend & Indicators
Market Vectors? Global Alt Energy ETF
NYSEARCA:GEX (7/8/2019, 8:04:03 PM)
65.855
-0.17 (-0.27%)
Market Vectors? Global Alt Energy ETF / GEX TA FAQ
Can you provide the ChartMill technical rating for Market Vectors? Global Alt Energy ETF?
ChartMill assigns a technical rating of 8 / 10 to GEX.
What is the current trend direction of Market Vectors? Global Alt Energy ETF (GEX) stock?
The current trend direction for Market Vectors? Global Alt Energy ETF (GEX) is Bullish.
What is the RSI signal for Market Vectors? Global Alt Energy ETF (GEX) stock?
Market Vectors? Global Alt Energy ETF (GEX) has an RSI value of 63.0854. This indicates that the stock is currently neutral.
What is the buy/sell signal for Market Vectors? Global Alt Energy ETF (GEX) stock?
The buy/sell signal for Market Vectors? Global Alt Energy ETF (GEX) is buy as both the short term and long term trends are positive.
What is the support and resistance level for GEX stock?
Market Vectors? Global Alt Energy ETF (GEX) has a support level at 65.3 and a resistance level at 66.3. Check the full technical report for our detailed analysis of GEX support and resistance levels.