GRNB Technical Analysis - VANECK GREEN BOND ETF

Technical Rating and Analysis

Taking everything into account, GRNB scores 5 out of 10 in our technical rating. GRNB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

Warning: GRNB has an average volume of 24892 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

A new 52 week high is currently being made by GRNB, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

When comparing the performance of all stocks over the past year, GRNB turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.

GRNB is part of the Automobile Components industry. There are 81 other stocks in this industry, GRNB did better than 44% of them.

In the last month GRNB has a been trading in a tight range between 24.32 and 24.67.

Volume is considerably higher in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

VANECK GREEN BOND ETF / GRNB Weekly stock chart

VANECK GREEN BOND ETF / GRNB Daily stock chart

Setup Rating and Analysis

GRNB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 24.34, a Stop Loss order could be placed below this zone.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

23.27

24.82

2 important support areas can be observed.

A support zone ranging from 24.34 to 24.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 23.51 to 23.81. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 24.39 to 24.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for GRNB is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for GRNB is neutral.
ChartMill Relative Strength	48.32	NEUTRAL	GRNB is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GRNB is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of GRNB is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of GRNB is above the rising SMA(200).
Relative Strength Index/RSI (14)	45.76	NEUTRAL	The RSI value for GRNB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests GRNB has a negative trend, although the MACD value is rising.
Stochastics (14,3)	17.27	OVERSOLD	The low Stochastics value suggests GRNB may be oversold.
Average True Range in percent/ATR (20)	0.36	LOW VOLATILITY	The low ATR as a percentage value for GRNB suggests low volalility.
Average Directional Index/ADX (14)	25.7	POSITIVE	The high ADX value value for GRNB suggests a strong trend.