GLOBAL X IG CORP BOND ETF (GXIG) Stock Technical Analysis
NYSEARCA:GXIG - US37960A3398 - ETF
We assign a technical rating of 4 out of 10 to GXIG. In the last year, GXIG was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
GXIG has an average technical rating and also the quality of the setup is 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.
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24.81
When analyzing the support we notice one important area.
- A support zone ranging from 25.06 to 25.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.44 to 25.65. This zone is formed by a combination of multiple trend lines and important moving averages 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 GXIG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GXIG is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | GXIG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GXIG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GXIG is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 43.46 | NEUTRAL | The RSI value for GXIG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests GXIG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.17 | NEUTRAL | The Stochastics value for GXIG is a neutral value. |
| Average True Range in percent/ATR (20) | 0.57 | LOW VOLATILITY | The low ATR as a percentage value for GXIG suggests low volalility. |
| Average Directional Index/ADX (14) | 23.65 | NEUTRAL | The ADX value for GXIG suggests a possible start of a new trend. |
NYSEARCA:GXIG (9/2/2025, 8:08:03 PM)
25.4
-0.17 (-0.66%)