FIRST TRST NASD CL EDG SGIIF (GRID) Stock Technical Analysis
NASDAQ:GRID - US33737A1088 - ETF
148.29 USD
+0.9 (+0.61%)
148.71 USD
+0.42 (+0.28%)
We assign a technical rating of 9 out of 10 to GRID. Both in the recent history as in the last year, GRID 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 GRID is one of the better performing stocks in the market, outperforming 74% of all stocks. On top of that, GRID also shows a nice and consistent pattern of rising prices.
GRID is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month GRID has a been trading in the 139.18 - 148.67 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although GRID has an excellent technical rating, it does not present a decent entry opportunity 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
105.17
149.78
We found 4 important support areas.
- A support zone ranging from 140.42 to 143.99. 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 @110.47 from a trend line in the weekly time frame.
- Support @106.23 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 148.30 to 148.30. 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 | 74.03 | POSITIVE | GRID has a high relative strength, it outperformed 74.03% 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) | 65.48 | NEUTRAL | The RSI value for GRID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests GRID has a positive trend. |
| Stochastics (14,3) | 88.67 | OVERBOUGHT | The high Stochastics value suggests GRID may be overbought. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for GRID suggests low volalility. |
| Average Directional Index/ADX (14) | 15.05 | NEGATIVE | The low ADX value for GRID suggests a weak or negative 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)
148.29
+0.9 (+0.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.61%
1 Week3.97%
2 Weeks2.77%
1 Month2.76%
3 Month11.15%
6 Month26.61%
12 Month21.79%
2 Year57.94%
3 Year97.09%
5 Year135.12%
10 Year368.38%
15 Year390.38%
Volatility
ATR(14)2.03
ATR(20)%1.22%
ATR Inc45.11%
Range Today0.83
ADR(20)1.37
ADR(20)%0.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.03
Mansfield0.52
10 Day High148.67
10 Day Low139.18
20 Day High148.67
20 Day Low139.18
52 Week High148.67
52 Week Low99.78
CS1 End143.99
CR1 Start148.3
Volume & EV
DER(3)2.76%
DER(5)0.77%
Volume192.20K
Volume Incr107.25%
Vol(5)456.07K
Vol(50)235.95K