NASDAQ:GRID - Nasdaq - US33737A1088 - ETF - Currency: USD
Overall GRID gets a technical rating of 8 out of 10. 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.
Although GRID has an excellent technical rating, the quality of the presented setup is not ideal 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.
105.31
When analyzing the support we can see 3 important areas.
When analyzing the resistance we notice one important area.
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 | 74.76 | POSITIVE | GRID has a high relative strength, it outperformed 74.76% 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) | 69.56 | NEUTRAL | The RSI value for GRID is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests GRID has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 87.42 | OVERBOUGHT | The high Stochastics value suggests GRID may be overbought. |
Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for GRID suggests low volalility. |
Average Directional Index/ADX (14) | 29.95 | POSITIVE | The high ADX value value for GRID suggests a strong trend. |
128.77
-0.22 (-0.17%)