ADVISORSHARES NORTH SQUARE M (HOLD) Stock Technical Analysis
NYSEARCA:HOLD - NYSE Arca - US00768Y6510 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to HOLD. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HOLD is only an average performer.
Besides having an excellent technical rating, HOLD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 97.64, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
95.88
When analyzing the support we notice one important area.
- A support zone ranging from 96.85 to 97.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 97.74 to 98.75. 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 HOLD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOLD is up. |
| ChartMill Relative Strength | 71.59 | POSITIVE | HOLD has a high relative strength, it outperformed 71.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HOLD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HOLD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HOLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.92 | NEUTRAL | The RSI value for HOLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests HOLD has a negative trend. |
| Stochastics (14,3) | 37.81 | NEUTRAL | The Stochastics value for HOLD is a neutral value. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for HOLD suggests low volalility. |
| Average Directional Index/ADX (14) | 26.62 | POSITIVE | The high ADX value value for HOLD suggests a strong 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 |
|---|---|---|---|
| 97.79 | 97.53 | 0.26 (0.27%) | 25.00% |
| An entry @97.79. This is a Buy Stop order right above the 10 day moving average. | An exit @97.53. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.26 points, which is 0.27%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.07%. |
- The distance between exit and entry is rather small compared to the average daily movement of HOLD. Please evaluate whether better entry and exit points can be found.
- 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.
NYSEARCA:HOLD (3/31/2023, 8:21:31 PM)
97.71
-0.03 (-0.03%)