FIRST TRST NASD CL EDG SGIIF (GRID) Stock Technical Analysis
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.
The long and short term trends are both positive. This is looking good!
GRID is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GRID is leading the market.
In the last month GRID has a been trading in the 116.24 - 130.70 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, GRID did better than 74% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
More info and screens
105.31
131.89
When analyzing the support we can see 3 important areas.
- A support zone ranging from 128.12 to 128.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 117.85 to 122.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @106.37 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 129.32 to 130.58. 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 | 74.76 | 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. |
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)
128.77
-0.22 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.17%
1 Week-0.11%
2 Weeks4.56%
1 Month10.59%
3 Month5.4%
6 Month2.64%
12 Month5.82%
2 Year30.88%
3 Year49.18%
5 Year142.31%
10 Year248.5%
15 Year345.42%
Volatility
ATR(14)1.45
ATR(20)%1.27%
ATR Inc21.56%
Range Today1.77
ADR(20)1.38
ADR(20)%1.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.76
Mansfield0.42
10 Day High130.7
10 Day Low123.15
20 Day High130.7
20 Day Low116.24
52 Week High130.7
52 Week Low99.78
CS1 End128.76
CR1 Start129.32
Volume & EV
DER(3)-3.84%
DER(5)-3.5%
Volume116.60K
Volume Incr22.77%
Vol(5)109.05K
Vol(50)138.29K