We assign a technical rating of 6 out of 10 to GRID. 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.
Although the technical rating is only medium, GRID does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 153.59, 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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143.81
We found 2 important support areas.
- A support zone ranging from 151.72 to 153.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 145.26 to 148.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @154.43 from a trend line in the weekly time frame.
- 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 | 79.86 | POSITIVE | GRID has a high relative strength, it outperformed 79.86% 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) | DOWN | MIXED | The current price of GRID is above a declining 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) | 53.72 | NEUTRAL | The RSI value for GRID is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests GRID has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.02 | 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) | 12.1 | 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 |
|---|---|---|---|
| 154.44 | 151.71 | 2.73 (1.77%) | 25.00% |
| An entry @154.44. This is a Buy Stop order right above the resistance zone. | An exit @151.71. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.73 points, which is 1.77%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.44%. |
- 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.
154.27
-0.57 (-0.37%)
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 6 / 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 53.7203. 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 0.212609, 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 153.59 and a resistance level at 154.43. Check the full technical report for our detailed analysis of GRID support and resistance levels.