Taking everything into account, PAVE scores 8 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by PAVE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month PAVE has a been trading in the 47.77 - 52.22 range, which is quite wide. It is currently trading near the high of this range.
- PAVE has an average volume of 1091670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, PAVE did better than 73% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Volume is considerably higher in the last couple of days.
Although PAVE has an excellent technical rating, it does not present a decent entry opportunity 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
45.05
2 important support areas can be observed.
- A support zone ranging from 47.88 to 49.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.50 to 46.82. 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 51.68 to 51.68. 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 | 73.58 | POSITIVE | PAVE has a high relative strength, it outperformed 73.58% 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) | 63.99 | NEUTRAL | The RSI value for PAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests PAVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.93 | OVERBOUGHT | The high Stochastics value suggests PAVE may be overbought. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for PAVE suggests low volalility. |
| Average Directional Index/ADX (14) | 23.12 | NEUTRAL | The ADX value for PAVE suggests a possible start of a new trend. |
51.67
+0.02 (+0.04%)
GLOBAL X US INFRASTRUCTURE / PAVE FAQ
What is the technical rating for PAVE stock?
ChartMill assigns a technical rating of 8 / 10 to PAVE.
Can you provide the trend direction for GLOBAL X US INFRASTRUCTURE?
The current trend direction for GLOBAL X US INFRASTRUCTURE (PAVE) is Bullish.
Can you provide the RSI signal for GLOBAL X US INFRASTRUCTURE?
GLOBAL X US INFRASTRUCTURE (PAVE) has an RSI value of 63.991. This indicates that the stock is currently neutral.
What is the MACD signal for PAVE stock?
The MACD indicator for GLOBAL X US INFRASTRUCTURE (PAVE) has a value of 0.161741, indicating a bearish trend.
What are the support and resistance levels for GLOBAL X US INFRASTRUCTURE (PAVE) stock?
GLOBAL X US INFRASTRUCTURE (PAVE) has a support level at 49.91 and a resistance level at 51.68. Check the full technical report for our detailed analysis of PAVE support and resistance levels.