Overall GRID gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, GRID is showing a nice and steady performance.
Besides having an excellent technical rating, GRID also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 153.25, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GRID 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.
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106.09
When analyzing the support we can see 3 important areas.
- A support zone ranging from 145.26 to 153.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @138.08 from a horizontal line in the daily time frame.
- Support @107.16 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 157.11 to 158.92. 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 | 79.95 | POSITIVE | GRID has a high relative strength, it outperformed 79.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GRID is above a declining 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) | 55.63 | NEUTRAL | The RSI value for GRID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests GRID has a positive trend. |
| Stochastics (14,3) | 93.13 | OVERBOUGHT | The high Stochastics value suggests GRID may be overbought. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for GRID suggests low volalility. |
| Average Directional Index/ADX (14) | 16.13 | NEGATIVE | The low ADX value for GRID suggests a weak or negative 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 |
|---|---|---|---|
| 154.82 | 146.13 | 8.69 (5.61%) | 17.82% |
| An entry @154.82. This is a Buy Stop order right above the 10 day high. | An exit @146.13. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.69 points, which is 5.61%. | For a 1.00% total portfolio risk, you can invest 17.82% of your capital in this trade. |
- 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.
154.11
+0.56 (+0.36%)
FIRST TRST NASD CL EDG SGIIF / GRID FAQ
Can you provide the ChartMill technical rating for FIRST TRST NASD CL EDG SGIIF?
ChartMill assigns a technical rating of 8 / 10 to GRID.
Can you provide the trend direction for FIRST TRST NASD CL EDG SGIIF?
The current trend direction for FIRST TRST NASD CL EDG SGIIF (GRID) is Bullish.
Can you provide the RSI signal for FIRST TRST NASD CL EDG SGIIF?
FIRST TRST NASD CL EDG SGIIF (GRID) has an RSI value of 55.6324. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FIRST TRST NASD CL EDG SGIIF?
The MACD indicator for FIRST TRST NASD CL EDG SGIIF (GRID) has a value of 0.493628, indicating a bearish trend.
What are the support and resistance levels for FIRST TRST NASD CL EDG SGIIF (GRID) stock?
FIRST TRST NASD CL EDG SGIIF (GRID) has a support level at 153.25 and a resistance level at 157.11. Check the full technical report for our detailed analysis of GRID support and resistance levels.