NEW GERMANY FUND (GF) Stock Technical Analysis
NYSE:GF - New York Stock Exchange, Inc. - US6444651060 - Currency: USD
We assign a technical rating of 6 out of 10 to GF. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month GF has a been trading in the 11.39 - 12.47 range, which is quite wide. It is currently trading near the lows of this range.
Warning: GF has an average volume of 16816 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that GF is one of the better performing stocks in the market, outperforming 83% of all stocks.
GF 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 GF is performing more or less in line with the market.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Considerably lower volume is observed in the last couple of days.
GF has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.86
12.50
When analyzing the support we can see 2 important areas.
- Support @10.27 from a trend line in the daily time frame.
- Support @7.94 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 11.80 to 12.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 12.26 to 12.38. 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 GF is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GF is down. |
| ChartMill Relative Strength | 83.9 | POSITIVE | GF has a high relative strength, it outperformed 83.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GF is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.32 | NEUTRAL | The RSI value for GF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests GF has a negative trend. |
| Stochastics (14,3) | 3.18 | OVERSOLD | The low Stochastics value suggests GF may be oversold. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for GF suggests low volalility. |
| Average Directional Index/ADX (14) | 18.51 | NEGATIVE | The low ADX value for GF suggests a weak or negative 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)
11.46
-0.3 (-2.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.55%
1 Week-5.75%
2 Weeks-4.56%
1 Month-4.42%
3 Month6.33%
6 Month36.1%
12 Month40.1%
2 Year30.52%
3 Year47.11%
5 Year-33.17%
10 Year-23.24%
15 Year-6.07%
Volatility
ATR(14)0.17
ATR(20)%1.46%
ATR Inc30.74%
Range Today0.34
ADR(20)0.15
ADR(20)%1.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.9
Mansfield1.32
10 Day High12.29
10 Day Low11.39
20 Day High12.47
20 Day Low11.39
52 Week High12.47
52 Week Low7.74
CS1 End10.27
CR1 Start11.8
Volume & EV
DER(3)1.22%
DER(5)-2.67%
Volume20.40K
Volume Incr-26.48%
Vol(5)10.52K
Vol(50)16.82K