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FIRST TRST NASD CL EDG SGIIF (GRID) Stock Technical Analysis

NASDAQ:GRID - Nasdaq - US33737A1088 - ETF - Currency: USD

139.86  +0.72 (+0.52%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to GRID. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GRID is only an average performer.

The long and short term trends are both positive. This is looking good!
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 130.88 - 140.24 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that GRID is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
FIRST TRST NASD CL EDG SGIIF / GRID Weekly stock chart
FIRST TRST NASD CL EDG SGIIF / GRID Daily stock chart
Setup Rating and Analysis

3

Although GRID has an excellent technical rating, it does not offer a high quality setup 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.

Support and Resistance Analysis

106.83

141.27

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 135.24 to 138.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 132.72 to 132.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 128.54 to 129.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @119.35 from a horizontal line in the daily time frame.
  • Support @107.91 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 139.87 to 139.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for GRID is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for GRID is up.
ChartMill Relative Strength78.99POSITIVEGRID has a high relative strength, it outperformed 78.99% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of GRID is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of GRID is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of GRID is above the rising SMA(200).
Relative Strength Index/RSI (14)72.74OVERBOUGHTThe high RSI value suggests GRID may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.15POSITIVEThe MACD value suggests GRID has a positive trend.
Stochastics (14,3)94.54OVERBOUGHTThe high Stochastics value suggests GRID may be overbought.
Average True Range in percent/ATR (20)1.19LOW VOLATILITYThe low ATR as a percentage value for GRID suggests low volalility.
Average Directional Index/ADX (14)32.2POSITIVEThe high ADX value value for GRID suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
FIRST TRST NASD CL EDG SGIIF / GRID Daily stock chart

FIRST TRST NASD CL EDG SGIIF

NASDAQ:GRID (7/3/2025, 7:32:25 PM)

139.86

+0.72 (+0.52%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.52%
1 Week2.07%
2 Weeks4.8%
1 Month5.8%
3 Month33.75%
6 Month15.6%
12 Month18.28%
2 Year32.28%
3 Year56.55%
5 Year141.02%
10 Year307.04%
15 Year350.87%
Volatility
ATR(14)1.83
ATR(20)%1.19%
ATR Inc-26.2%
Range Today0.95
ADR(20)1.36
ADR(20)%0.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.99
Mansfield0.52
10 Day High140.24
10 Day Low131.86
20 Day High140.24
20 Day Low130.89
52 Week High140.24
52 Week Low99.78
CS1 End135.83
CR1 StartN/A
Volume & EV
DER(3)3.42%
DER(5)4.19%
Volume75.50K
Volume Incr90.55%
Vol(5)247.28K
Vol(50)124.57K