GLOBAL X US INFRASTRUCTURE (PAVE) Stock Technical Analysis
NYSEARCA:PAVE - NYSE Arca - US37954Y6730 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to PAVE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PAVE is only an average performer.
The long and short term trends are both positive. This is looking good!
PAVE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
PAVE has an average volume of 1322860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that PAVE is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
PAVE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PAVE is lagging the market slightly.
PAVE has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
34.70
42.76
2 important support areas can be observed.
- A support zone ranging from 40.83 to 41.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @35.05 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.78 to 42.34. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | UP | POSITIVE | The long term trend for PAVE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAVE is up. |
| ChartMill Relative Strength | 70.26 | POSITIVE | PAVE has a high relative strength, it outperformed 70.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PAVE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PAVE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.96 | NEUTRAL | The RSI value for PAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PAVE has a negative trend. |
| Stochastics (14,3) | 74.79 | NEUTRAL | The Stochastics value for PAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for PAVE suggests low volalility. |
| Average Directional Index/ADX (14) | 27.32 | POSITIVE | The high ADX value value for PAVE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 42.35 | 40.82 | 1.53 (3.61%) | 25.00% |
| An entry @42.35. This is a Buy Stop order right above the resistance zone. | An exit @40.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.53 points, which is 3.61%. | For a 0.90% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
41.61
-0.48 (-1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.14%
1 Week-1.19%
2 Weeks-0.74%
1 Month9.1%
3 Month3.48%
6 Month-9.01%
12 Month7.52%
2 Year52.53%
3 Year61.09%
5 Year183.06%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%1.75%
ATR Inc22.24%
Range Today0.7
ADR(20)0.6
ADR(20)%1.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.26
Mansfield0.08
10 Day High42.43
10 Day Low40.61
20 Day High42.43
20 Day Low37.38
52 Week High46.18
52 Week Low32.65
CS1 End41.19
CR1 Start41.78
Volume & EV
DER(3)0.05%
DER(5)-2.33%
Volume1.23M
Volume Incr-17.54%
Vol(5)978.98K
Vol(50)1.32M