Guggenheim Insider Sentiment ETF (NFO) Technical Analysis
NYSEARCA:NFO
Current stock price
NFO Technical Rating and Analysis
Taking everything into account, NFO scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NFO is showing a nice and steady performance.
- Warning: NFO has an average volume of 6290 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that NFO is one of the better performing stocks in the market, outperforming 75% of all stocks. We also observe that the gains produced by NFO over the past year are nicely spread over this period.
- NFO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month NFO has a been trading in a tight range between 73.57 and 75.88.
NFO Weekly and Daily overview Charts
NFO Setup Rating and Analysis
Besides having an excellent technical rating, NFO 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 75.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 75.14, 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
NFO Support and Resistance Analysis
66.50
When analyzing the support we can see 3 important areas.
- A support zone ranging from 73.22 to 75.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 70.00 to 70.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 67.17 to 68.16. 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 75.33 to 75.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
NFO Technical Indicator Signal Analysis
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 NFO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NFO is up. |
| ChartMill Relative Strength | 75.48 | POSITIVE | NFO has a high relative strength, it outperformed 75.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NFO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NFO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NFO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.7 | NEUTRAL | The RSI value for NFO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests NFO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.97 | OVERBOUGHT | The high Stochastics value suggests NFO may be overbought. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for NFO suggests low volalility. |
NFO Chart- and CandleStick Pattern Analysis
NFO Example Setup
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 |
|---|---|---|---|
| 75.65 | 74.22 | 1.43 (1.89%) | 25.00% |
| An entry @75.65. This is a Buy Stop order right above the resistance zone. | An exit @74.22. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.43 points, which is 1.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.47%. |
- 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.
NFO Technicals: Chart, Performance Metrics, Trend & Indicators
Guggenheim Insider Sentiment ETF
NYSEARCA:NFO (2/14/2020, 8:04:06 PM)
75.3197
-0.19 (-0.25%)
Guggenheim Insider Sentiment ETF / NFO TA FAQ
What is the technical rating for NFO stock?
ChartMill assigns a technical rating of 10 / 10 to NFO.
Can you provide the trend direction for Guggenheim Insider Sentiment ETF?
The current trend direction for Guggenheim Insider Sentiment ETF (NFO) is Bullish.
Can you provide the RSI signal for Guggenheim Insider Sentiment ETF?
Guggenheim Insider Sentiment ETF (NFO) has an RSI value of 61.7007. This indicates that the stock is currently neutral.
What is the MACD signal for NFO stock?
The MACD indicator for Guggenheim Insider Sentiment ETF (NFO) has a value of 0.00108631, indicating a bearish trend.
What is the buy/sell signal for Guggenheim Insider Sentiment ETF (NFO) stock?
The buy/sell signal for Guggenheim Insider Sentiment ETF (NFO) is buy as both the short term and long term trends are positive.