SPDR Barclays Mortgage Backed Bond ETF (MBG) Stock Technical Analysis
USA - NYSEARCA:MBG -
Taking everything into account, MBG scores 5 out of 10 in our technical rating. In the last year, MBG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, MBG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 26.24. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MBG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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24.53
When analyzing the support we can see 3 important areas.
- A support zone ranging from 26.16 to 26.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.41 from a horizontal line in the weekly time frame.
- A support zone ranging from 24.78 to 24.83. 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 26.24 to 26.34. 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 MBG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MBG is neutral. |
| ChartMill Relative Strength | 69.3 | NEUTRAL | MBG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MBG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MBG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MBG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.97 | NEUTRAL | The RSI value for MBG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MBG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.43 | NEUTRAL | The Stochastics value for MBG is a neutral value. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for MBG suggests low volalility. |
SPDR Barclays Mortgage Backed Bond ETF
NYSEARCA:MBG (9/20/2019, 8:04:06 PM)
26.23
+0.03 (+0.11%)