GLOBAL X VIDEO GAMES& ESPORT (HERO) Stock Technical Analysis
NASDAQ:HERO - Nasdaq - US37954Y3927 - ETF - Currency: USD
Overall HERO gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HERO is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, HERO did better than 91% of all other stocks. We also observe that the gains produced by HERO over the past year are nicely spread over this period.
A new 52 week high is currently being made by HERO, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so HERO is leading the market.
In the last month HERO has a been trading in the 28.44 - 31.75 range, which is quite wide. It is currently trading near the high of this range.
Although HERO has an excellent technical rating, it does not present a decent entry opportunity 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
21.08
31.96
5 important support areas can be observed.
- A support zone ranging from 28.20 to 28.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.88 from a trend line in the weekly time frame.
- Support @23.54 from a trend line in the daily time frame.
- Support @22.79 from a horizontal line in the daily time frame.
- Support @21.29 from a horizontal line in the weekly time frame.
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 HERO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HERO is up. |
| ChartMill Relative Strength | 91.75 | POSITIVE | HERO has a high relative strength, it outperformed 91.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HERO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HERO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HERO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.17 | OVERBOUGHT | The high RSI value suggests HERO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests HERO has a positive trend. |
| Stochastics (14,3) | 87.09 | OVERBOUGHT | The high Stochastics value suggests HERO may be overbought. |
| Average True Range in percent/ATR (20) | 1.43 | LOW VOLATILITY | The low ATR as a percentage value for HERO suggests low volalility. |
| Average Directional Index/ADX (14) | 40.62 | POSITIVE | The high ADX value value for HERO suggests a strong trend. |
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)
31.64
+0.7 (+2.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.26%
1 Week3.2%
2 Weeks4.46%
1 Month8.5%
3 Month23.04%
6 Month30.64%
12 Month49.25%
2 Year54.42%
3 Year51.32%
5 Year37.09%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%1.43%
ATR Inc47.64%
Range Today0.31
ADR(20)0.37
ADR(20)%1.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.75
Mansfield2.26
10 Day High31.75
10 Day Low29.81
20 Day High31.75
20 Day Low28.44
52 Week High31.75
52 Week Low20.21
CS1 End28.89
CR1 StartN/A
Volume & EV
DER(3)8.99%
DER(5)12.94%
Volume35.40K
Volume Incr-4.67%
Vol(5)50.78K
Vol(50)65.35K