ISHARES INTERMEDIATE GOVERNM (GVI) Stock Technical Analysis
USA - NYSEARCA:GVI - US4642886125 - ETF
Overall GVI gets a technical rating of 6 out of 10. Although GVI is a bad 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, GVI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 107.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 107.42, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GVI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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101.29
We found 1 important support area.
- A support zone ranging from 102.31 to 107.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 107.62 to 107.73. 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 GVI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GVI is up. |
| ChartMill Relative Strength | 36.86 | NEUTRAL | GVI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GVI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GVI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GVI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.4 | NEUTRAL | The RSI value for GVI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests GVI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.1 | OVERBOUGHT | The high Stochastics value suggests GVI may be overbought. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for GVI suggests low volalility. |
| Average Directional Index/ADX (14) | 24.08 | NEUTRAL | The ADX value for GVI suggests a possible start of a new 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 |
|---|---|---|---|
| 107.74 | 106.70 | 1.04 (0.97%) | 25.00% |
| An entry @107.74. This is a Buy Stop order right above the resistance zone. | An exit @106.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.04 points, which is 0.97%. | For a 0.24% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
107.61
-0.11 (-0.11%)