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.
Although the technical rating is bad, PAGG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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.
We can see 2 important resistance areas.
- 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.