We assign a technical rating of 2 out of 10 to PAGG. Recently some decent action could be observed, but in the medium term time frame this is still negative. PAGG was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, PAGG is a bad performer in the overall market: 70% of all stocks are doing better.
- Warning: PAGG has an average volume of 5504 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- PAGG is currently trading in the middle of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So PAGG is doing better than the market!
- In the last month PAGG has a been trading in a tight range between 24.94 and 25.79.
- Considerably lower volume is observed in the last couple of days.
PAGG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 25.33, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
24.73
When analyzing the support we notice one important area.
- A support zone ranging from 24.98 to 25.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 25.38 to 25.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.24 to 27.47. This zone is formed by a combination of multiple trend lines in the weekly 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 | DOWN | NEGATIVE | The long term trend for PAGG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAGG is up. |
| ChartMill Relative Strength | 30.48 | NEUTRAL | PAGG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAGG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PAGG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PAGG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.04 | NEUTRAL | The RSI value for PAGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests PAGG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.53 | NEUTRAL | The Stochastics value for PAGG is a neutral value. |
| Average True Range in percent/ATR (20) | 0.88 | LOW VOLATILITY | The low ATR as a percentage value for PAGG suggests low volalility. |
PowerShares Global Agriculture ETF
NASDAQ:PAGG (2/15/2019, 8:20:27 PM)
25.36
-0.01 (-0.04%)
PowerShares Global Agriculture ETF / PAGG FAQ
Can you provide the ChartMill technical rating for PowerShares Global Agriculture ETF?
ChartMill assigns a technical rating of 2 / 10 to PAGG.
What is the current trend direction of PowerShares Global Agriculture ETF (PAGG) stock?
The current trend direction for PowerShares Global Agriculture ETF (PAGG) is Bearish.
Can you provide the RSI signal for PowerShares Global Agriculture ETF?
PowerShares Global Agriculture ETF (PAGG) has an RSI value of 53.0396. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PowerShares Global Agriculture ETF?
The short term momentum for PowerShares Global Agriculture ETF (PAGG) is positive.
What is the buy/sell signal for PAGG stock?
The buy/sell signal for PowerShares Global Agriculture ETF (PAGG) is hold as the short term and long term trends are mixed.