Wisdomtree Middle East Dividend Fund (GULF) Stock Technical Analysis
USA - NASDAQ:GULF -
We assign a technical rating of 3 out of 10 to GULF. Recently some decent action could be observed, but in the medium term time frame this is still negative. GULF was also a bad performer in the overall market in the last year.
GULF has a poor technical rating and the quality of the setup is also only medium 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
15.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 15.92 to 16.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.49 to 15.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.34 to 16.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.65 to 20.32. 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 | DOWN | NEGATIVE | The long term trend for GULF is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GULF is up. |
| ChartMill Relative Strength | 24.75 | NEGATIVE | GULF has a low relative strength, it was outperformed by 75.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GULF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GULF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GULF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.76 | NEUTRAL | The RSI value for GULF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GULF has a positive trend. |
| Stochastics (14,3) | 84.19 | OVERBOUGHT | The high Stochastics value suggests GULF may be overbought. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for GULF suggests some volalility. |
Wisdomtree Middle East Dividend Fund
NASDAQ:GULF (5/27/2020, 8:00:05 PM)
16.335
+0.13 (+0.8%)
Wisdomtree Middle East Dividend Fund / GULF FAQ
What is the ChartMill technical rating of Wisdomtree Middle East Dividend Fund (GULF) stock?
ChartMill assigns a technical rating of 3 / 10 to GULF.
What is the trend direction for GULF stock?
The current trend direction for Wisdomtree Middle East Dividend Fund (GULF) is Bearish.
What is the RSI signal for GULF stock?
Wisdomtree Middle East Dividend Fund (GULF) has an RSI value of 60.7612. This indicates that the stock is currently neutral.
What is the MACD signal for GULF stock?
The MACD indicator for Wisdomtree Middle East Dividend Fund (GULF) has a value of 0.0589951, indicating a bearish trend.
What is the buy/sell signal for Wisdomtree Middle East Dividend Fund (GULF) stock?
The buy/sell signal for Wisdomtree Middle East Dividend Fund (GULF) is hold as the short term and long term trends are mixed.