FIRST TRST NASD CL EDG SGIIF (GRID) Stock Technical Analysis
NASDAQ:GRID - Nasdaq - US33737A1088 - ETF - Currency: USD
Taking everything into account, GRID scores 8 out of 10 in our technical rating. Although GRID is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by GRID, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month GRID has a been trading in the 127.10 - 134.81 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, GRID did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
GRID has an excellent technical rating, but the quality of the setup is only medium 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
106.07
136.14
3 important support areas can be observed.
- A support zone ranging from 128.54 to 132.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 121.95 to 122.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @107.14 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 134.79 to 134.79. 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 GRID is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GRID is up. |
| ChartMill Relative Strength | 79.27 | POSITIVE | GRID has a high relative strength, it outperformed 79.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GRID is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GRID is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GRID is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.14 | OVERBOUGHT | The high RSI value suggests GRID may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests GRID has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 96.28 | OVERBOUGHT | The high Stochastics value suggests GRID may be overbought. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for GRID suggests low volalility. |
| Average Directional Index/ADX (14) | 31.83 | POSITIVE | The high ADX value value for GRID suggests a strong 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 |
|---|---|---|---|
| 134.80 | 128.78 | 6.02 (4.47%) | 22.39% |
| An entry @134.80. This is a Buy Stop order right above the resistance zone. | An exit @128.78. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.02 points, which is 4.47%. | When investing 22.39% 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.
NASDAQ:GRID (6/12/2025, 8:00:01 PM)
134.78
+1.51 (+1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.13%
1 Week2.59%
2 Weeks3.07%
1 Month5.31%
3 Month15.08%
6 Month8.51%
12 Month14.27%
2 Year28.22%
3 Year73.8%
5 Year145.42%
10 Year276.69%
15 Year394.06%
Volatility
ATR(14)1.53
ATR(20)%1.12%
ATR Inc-22.19%
Range Today1.29
ADR(20)1.33
ADR(20)%0.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.27
Mansfield0.53
10 Day High134.81
10 Day Low128.79
20 Day High134.81
20 Day Low127.1
52 Week High134.81
52 Week Low99.78
CS1 End132.19
CR1 Start134.79
Volume & EV
DER(3)3.73%
DER(5)1.14%
Volume100.90K
Volume Incr-31.79%
Vol(5)82.46K
Vol(50)115.09K