Global X FTSE Nordic Region ETF (GXF) Stock Technical Analysis
NYSEARCA:GXF -
32.2752
-0.56 (-1.72%)
We assign a technical rating of 6 out of 10 to GXF. Although GXF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: GXF has an average volume of 3897 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 may just continue or reversal may be around the corner!
GXF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GXF is lagging the market slightly.
When comparing the performance of all stocks over the past year, GXF turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
In the last month GXF has a been trading in the 30.54 - 33.33 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GXF has an average technical rating and it also does not offer a high quality setup 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
29.37
33.70
3 important support areas can be observed.
- A support zone ranging from 31.95 to 32.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.46 to 31.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.67 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 32.70 to 32.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 33.29 to 33.37. 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 GXF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GXF is neutral. |
| ChartMill Relative Strength | 60.21 | NEUTRAL | GXF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GXF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GXF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GXF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.14 | NEUTRAL | The RSI value for GXF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests GXF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.08 | NEUTRAL | The Stochastics value for GXF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for GXF suggests low volalility. |
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)
Global X FTSE Nordic Region ETF
NYSEARCA:GXF (10/29/2021, 8:33:22 PM)
32.2752
-0.56 (-1.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.72%
1 Week-3.02%
2 Weeks0.24%
1 Month3.64%
3 Month1.45%
6 Month7.61%
12 Month38.19%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%1.17%
ATR Inc129.2%
Range Today0.5
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS60.21
Mansfield-0.36
10 Day High33.33
10 Day Low32.02
20 Day High33.33
20 Day Low30.54
52 Week High33.36
52 Week Low23.44
CS1 End32.19
CR1 Start32.7
Volume & EV
DER(3)-8.9%
DER(5)-5.34%
Volume2.50K
Volume Incr-15.03%
Vol(5)3.69K
Vol(50)3.90K