GLOBAL X MSCI GREECE ETF (GREK) Stock Technical Analysis
NYSEARCA:GREK - NYSE Arca - US37954Y3190 - ETF - Currency: USD
Overall GREK gets a technical rating of 10 out of 10. Both in the recent history as in the last year, GREK has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that GREK is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by GREK over the past year are nicely spread over this period.
GREK 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 GREK is performing more or less in line with the market.
In the last month GREK has a been trading in the 52.25 - 57.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although GREK has an excellent technical rating, the quality of the presented setup is not ideal 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
38.35
57.47
We found 4 important support areas.
- A support zone ranging from 54.57 to 54.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 42.04 to 42.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @39.79 from a horizontal line in the daily time frame.
- Support @38.74 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.39 to 56.90. 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 GREK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GREK is up. |
| ChartMill Relative Strength | 88.83 | POSITIVE | GREK has a high relative strength, it outperformed 88.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GREK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GREK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GREK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.96 | NEUTRAL | The RSI value for GREK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.38 | NEGATIVE | The MACD value suggests GREK has a negative trend. |
| Stochastics (14,3) | 16.73 | OVERSOLD | The low Stochastics value suggests GREK may be oversold. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for GREK suggests low volalility. |
| Average Directional Index/ADX (14) | 23.35 | NEUTRAL | The ADX value for GREK suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 55.73 | 54.56 | 1.17 (2.09%) | 25.00% |
| An entry @55.73. This is a Buy Stop order right above the 10 day moving average. | An exit @54.56. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.17 points, which is 2.09%. | For a 0.52% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of GREK. Please evaluate whether better entry and exit points can be found.
- 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.
NYSEARCA:GREK (6/20/2025, 8:04:00 PM)
54.71
+0.13 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.24%
1 Week-3.83%
2 Weeks-1.9%
1 Month1.05%
3 Month16.43%
6 Month34.26%
12 Month37.01%
2 Year47.35%
3 Year130.75%
5 Year176.87%
10 Year81.28%
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%1.81%
ATR Inc-20.36%
Range Today0.84
ADR(20)0.8
ADR(20)%1.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.83
Mansfield1.99
10 Day High57.08
10 Day Low54.38
20 Day High57.08
20 Day Low52.25
52 Week High57.08
52 Week Low38.15
CS1 End54.7
CR1 Start55.39
Volume & EV
DER(3)7.75%
DER(5)6.07%
Volume33.50K
Volume Incr-27.8%
Vol(5)57.52K
Vol(50)66.20K