NEW GERMANY FUND (GF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GF - US6444651060
Overall GF gets a technical rating of 2 out of 10. Although GF is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
GF has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 10.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GF in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
10.28
We found 1 important support area.
- A support zone ranging from 10.38 to 10.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 11.33 to 11.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.89 to 12.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 12.25 to 12.37. 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 | DOWN | NEGATIVE | The long term trend for GF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GF is down. |
| ChartMill Relative Strength | 78.52 | POSITIVE | GF has a high relative strength, it outperformed 78.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GF is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GF is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.55 | NEUTRAL | The RSI value for GF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests GF has a positive trend. |
| Stochastics (14,3) | 80.93 | OVERBOUGHT | The high Stochastics value suggests GF may be overbought. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for GF suggests low volalility. |
| Average Directional Index/ADX (14) | 19.19 | NEGATIVE | The low ADX value for GF suggests a weak or negative trend. |
10.8548
+0.08 (+0.79%)
NEW GERMANY FUND / GF FAQ
What is the technical rating for GF stock?
ChartMill assigns a technical rating of 2 / 10 to GF.
What is the trend direction for GF stock?
The current trend direction for NEW GERMANY FUND (GF) is Bearish.
What is the RSI signal for NEW GERMANY FUND (GF) stock?
NEW GERMANY FUND (GF) has an RSI value of 50.5473. This indicates that the stock is currently neutral.
What is the MACD signal for NEW GERMANY FUND (GF) stock?
The MACD indicator for NEW GERMANY FUND (GF) has a value of 0.0467755, indicating a bearish trend.
What is the short term momentum for NEW GERMANY FUND (GF) stock?
The short term momentum for NEW GERMANY FUND (GF) is negative.