ISHARES GLOBAL HEALTHCARE ET (IXJ) Stock Technical Analysis
USA - NYSEARCA:IXJ - US4642873255 - ETF
Taking everything into account, IXJ scores 6 out of 10 in our technical rating. Although IXJ is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
IXJ has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 89.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 88.06, 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.
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81.48
2 important support areas can be observed.
- A support zone ranging from 85.87 to 88.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 82.30 to 83.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @89.14 from a horizontal line in the daily time frame.
- Resistance @92.45 from a horizontal line in the daily 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 IXJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IXJ is up. |
| ChartMill Relative Strength | 20.32 | NEGATIVE | IXJ has a low relative strength, it was outperformed by 79.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IXJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IXJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of IXJ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.84 | NEUTRAL | The RSI value for IXJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests IXJ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.13 | NEUTRAL | The Stochastics value for IXJ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for IXJ suggests low volalility. |
| Average Directional Index/ADX (14) | 17.32 | NEGATIVE | The low ADX value for IXJ suggests a weak or negative 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 |
|---|---|---|---|
| 89.15 | 87.05 | 2.10 (2.36%) | 25.00% |
| An entry @89.15. This is a Buy Stop order right above the resistance zone. | An exit @87.05. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.10 points, which is 2.36%. | For a 0.59% 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.
88.15
-0.99 (-1.11%)