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. On top of that, GREK also shows a nice and consistent pattern of rising prices.
GREK 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 GREK is leading the market.
In the last month GREK has a been trading in the 58.64 - 62.70 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
GREK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for GREK 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.
More info and screens
38.35
63.22
5 important support areas can be observed.
- A support zone ranging from 59.38 to 60.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.57 from a horizontal line in the daily time frame.
- A support zone ranging from 42.73 to 42.86. 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.
We found 1 important resistance area.
- A resistance zone ranging from 61.02 to 62.59. 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 | 88.48 | POSITIVE | GREK has a high relative strength, it outperformed 88.48% 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) | 52.53 | NEUTRAL | The RSI value for GREK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests GREK has a negative trend. |
| Stochastics (14,3) | 18.93 | OVERSOLD | The low Stochastics value suggests GREK may be oversold. |
| Average True Range in percent/ATR (20) | 1.54 | LOW VOLATILITY | The low ATR as a percentage value for GREK suggests low volalility. |
| Average Directional Index/ADX (14) | 20.39 | 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 |
|---|---|---|---|
| 61.25 | 59.99 | 1.26 (2.06%) | 25.00% |
| An entry @61.25. This is a Buy Stop order right above the 10 day moving average. | An exit @59.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.26 points, which is 2.06%. | For a 0.51% 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 (8/1/2025, 8:04:01 PM)
60.34
-0.17 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.28%
1 Week-2.91%
2 Weeks-1.41%
1 Month1.04%
3 Month20.44%
6 Month45.85%
12 Month44.77%
2 Year60.56%
3 Year157.86%
5 Year192.35%
10 Year118.62%
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%1.54%
ATR Inc-12.04%
Range Today0.74
ADR(20)0.83
ADR(20)%1.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.48
Mansfield2.26
10 Day High62.7
10 Day Low60
20 Day High62.7
20 Day Low58.64
52 Week High62.7
52 Week Low38.15
CS1 End60.33
CR1 Start61.02
Volume & EV
DER(3)3.37%
DER(5)0.77%
Volume88.30K
Volume Incr-1.41%
Vol(5)74.44K
Vol(50)76.88K