GLOBAL X US INFRASTRUCTURE (PAVE) Stock Technical Analysis
USA - NYSEARCA:PAVE - US37954Y6730 - ETF
We assign a technical rating of 7 out of 10 to PAVE. Although PAVE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
PAVE 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 47.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 47.24, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PAVE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
41.04
4 important support areas can be observed.
- A support zone ranging from 45.78 to 47.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.48 to 45.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.34 from a horizontal line in the daily time frame.
- Support @41.45 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 47.96 to 47.96. 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 PAVE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAVE is up. |
| ChartMill Relative Strength | 70.76 | POSITIVE | PAVE has a high relative strength, it outperformed 70.76% 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) | 63.63 | NEUTRAL | The RSI value for PAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PAVE has a positive trend. |
| Stochastics (14,3) | 90.36 | OVERBOUGHT | The high Stochastics value suggests PAVE may be overbought. |
| Average True Range in percent/ATR (20) | 1.33 | LOW VOLATILITY | The low ATR as a percentage value for PAVE suggests low volalility. |
| Average Directional Index/ADX (14) | 13.35 | NEGATIVE | The low ADX value for PAVE suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 47.97 | 46.00 | 1.97 (4.11%) | 24.35% |
| An entry @47.97. This is a Buy Stop order right above the resistance zone. | An exit @46.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.97 points, which is 4.11%. | For a 1.00% total portfolio risk, you can invest 24.35% 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.
47.95
+0.09 (+0.19%)