We assign a technical rating of 8 out of 10 to MDD. Although MDD is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
MDD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 30.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.51, 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
27.26
When analyzing the support we can see 3 important areas.
- A support zone ranging from 29.04 to 30.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.35 from a trend line in the daily time frame.
- Support @27.54 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.58 to 30.65. This zone is formed by a combination of multiple trend lines 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 MDD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MDD is up. |
| ChartMill Relative Strength | 57.66 | NEUTRAL | MDD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MDD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MDD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MDD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.01 | NEUTRAL | The RSI value for MDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests MDD has a negative trend. |
| Stochastics (14,3) | 86.07 | OVERBOUGHT | The high Stochastics value suggests MDD may be overbought. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for MDD suggests low volalility. |
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 |
|---|---|---|---|
| 30.66 | 30.06 | 0.60 (1.96%) | 25.00% |
| An entry @30.66. This is a Buy Stop order right above the resistance zone. | An exit @30.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.60 points, which is 1.96%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.49%. |
- The distance between exit and entry is rather small compared to the average daily movement of MDD. 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.
SPDR S&P International Mid Cap
NYSEARCA:MDD (8/24/2016, 8:24:01 PM)
30.56
-0.08 (-0.26%)
SPDR S&P International Mid Cap / MDD FAQ
Can you provide the ChartMill technical rating for SPDR S&P International Mid Cap?
ChartMill assigns a technical rating of 8 / 10 to MDD.
What is the current trend direction of SPDR S&P International Mid Cap (MDD) stock?
The current trend direction for SPDR S&P International Mid Cap (MDD) is Bullish.
What is the RSI signal for MDD stock?
SPDR S&P International Mid Cap (MDD) has an RSI value of 60.0116. This indicates that the stock is currently neutral.
What is the short term momentum for SPDR S&P International Mid Cap (MDD) stock?
The short term momentum for SPDR S&P International Mid Cap (MDD) is positive.
Can you provide the support and resistance levels for SPDR S&P International Mid Cap?
SPDR S&P International Mid Cap (MDD) has a support level at 30.51 and a resistance level at 30.58. Check the full technical report for our detailed analysis of MDD support and resistance levels.