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.
Both the short term and long term trends are positive. This is a very positive sign.
PAVE is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PAVE has a been trading in the 43.32 - 46.90 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, PAVE did better than 79% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although PAVE has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
35.35
47.33
We found 4 important support areas.
- A support zone ranging from 44.95 to 45.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 41.95 to 42.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.12 from a horizontal line in the daily time frame.
- Support @35.71 from a trend line 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 | 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 | 79.67 | POSITIVE | PAVE has a high relative strength, it outperformed 79.67% 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) | 76.28 | OVERBOUGHT | The high RSI value suggests PAVE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests PAVE has a positive trend. |
| Stochastics (14,3) | 95.6 | OVERBOUGHT | The high Stochastics value suggests PAVE may be overbought. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for PAVE suggests low volalility. |
| Average Directional Index/ADX (14) | 29.69 | 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)
46.86
+0.76 (+1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.65%
1 Week3.15%
2 Weeks4.23%
1 Month8.07%
3 Month23.48%
6 Month7.26%
12 Month19.12%
2 Year44.67%
3 Year78.24%
5 Year197.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.59
ATR(20)%1.27%
ATR Inc-1.31%
Range Today0.69
ADR(20)0.56
ADR(20)%1.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.67
Mansfield0.42
10 Day High46.9
10 Day Low43.87
20 Day High46.9
20 Day Low43.32
52 Week High46.9
52 Week Low32.65
CS1 End45.78
CR1 StartN/A
Volume & EV
DER(3)3.57%
DER(5)2.63%
Volume857.00K
Volume Incr17.43%
Vol(5)1.03M
Vol(50)846.59K