STATE STREET SPDR S&P GLOBAL (GNR) Stock Technical Analysis
NYSEARCA:GNR • US78463X5418
We assign a technical rating of 10 out of 10 to GNR. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GNR is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, GNR did better than 85% of all other stocks.
- GNR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- GNR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
GNR has an excellent technical rating and also presents 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 72.55, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GNR in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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5 important support areas can be observed.
- A support zone ranging from 71.13 to 72.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 68.15 to 68.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @63.12 from a trend line in the weekly time frame.
- Support @60.59 from a trend line in the daily time frame.
- A support zone ranging from 57.58 to 58.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 73.27 to 74.21. 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 GNR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GNR is up. |
| ChartMill Relative Strength | 85.02 | POSITIVE | GNR has a high relative strength, it outperformed 85.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GNR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GNR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GNR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.8 | NEUTRAL | The RSI value for GNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GNR has a negative trend. |
| Stochastics (14,3) | 84.07 | OVERBOUGHT | The high Stochastics value suggests GNR may be overbought. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for GNR suggests some volalility. |
| Average Directional Index/ADX (14) | 38.45 | POSITIVE | The high ADX value value for GNR suggests a strong trend. |
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 |
|---|---|---|---|
| 74.22 | 71.12 | 3.10 (4.18%) | 23.94% |
| An entry @74.22. This is a Buy Stop order right above the resistance zone. | An exit @71.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.10 points, which is 4.18%. | When investing 23.94% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
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STATE STREET SPDR S&P GLOBAL / GNR FAQ
What is the technical rating for GNR stock?
ChartMill assigns a technical rating of 10 / 10 to GNR.
What is the current trend direction of STATE STREET SPDR S&P GLOBAL (GNR) stock?
The current trend direction for STATE STREET SPDR S&P GLOBAL (GNR) is Bullish.
What is the RSI signal for GNR stock?
STATE STREET SPDR S&P GLOBAL (GNR) has an RSI value of 63.7985. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for STATE STREET SPDR S&P GLOBAL?
The buy/sell signal for STATE STREET SPDR S&P GLOBAL (GNR) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for STATE STREET SPDR S&P GLOBAL?
STATE STREET SPDR S&P GLOBAL (GNR) has a support level at 72.55 and a resistance level at 73.27. Check the full technical report for our detailed analysis of GNR support and resistance levels.