GLOBAL X MSCI PORTUGAL ETF (PGAL) Stock Technical Analysis
NYSEARCA:PGAL - NYSE Arca - US37950E1929 - ETF - Currency: USD
Taking everything into account, PGAL scores 2 out of 10 in our technical rating. In the last year, PGAL was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
When comparing the yearly performance of all stocks, PGAL is a bad performer in the overall market: 66% of all stocks are doing better.
Warning: PGAL has an average volume of 7958 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
PGAL 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 PGAL is lagging the market slightly.
In the last month PGAL has a been trading in a tight range between 10.18 and 10.32.
Considerably lower volume is observed in the last couple of days.
PGAL has a poor technical rating and the quality of the setup is also 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
9.01
11.22
We found 3 important support areas.
- A support zone ranging from 10.14 to 10.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.42 from a trend line in the weekly time frame.
- A support zone ranging from 9.10 to 9.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 10.34 to 10.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 10.66 to 11.11. 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 | NEUTRAL | NEUTRAL | The long term trend for PGAL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PGAL is down. |
| ChartMill Relative Strength | 34.44 | NEUTRAL | PGAL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PGAL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PGAL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PGAL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.57 | NEUTRAL | The RSI value for PGAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PGAL has a positive trend. |
| Stochastics (14,3) | 95.51 | OVERBOUGHT | The high Stochastics value suggests PGAL may be overbought. |
| Average True Range in percent/ATR (20) | 0.37 | LOW VOLATILITY | The low ATR as a percentage value for PGAL suggests low volalility. |
| Average Directional Index/ADX (14) | 25.25 | POSITIVE | The high ADX value value for PGAL 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)
NYSEARCA:PGAL (2/16/2024, 8:19:25 PM)
10.315
0 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.05%
1 Week0.15%
2 Weeks0.06%
1 Month0.16%
3 Month1.01%
6 Month3.46%
12 Month-2.37%
2 Year-0.43%
3 Year-4.46%
5 Year-4.53%
10 Year-40.89%
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%0.37%
ATR Inc299.43%
Range Today0.05
ADR(20)0.03
ADR(20)%0.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.44
Mansfield-1.25
10 Day High10.32
10 Day Low10.18
20 Day High10.32
20 Day Low10.18
52 Week High11.12
52 Week Low9.1
CS1 End10.3
CR1 Start10.34
Volume & EV
DER(3)0.47%
DER(5)0.28%
Volume15.50K
Volume Incr-75%
Vol(5)3.92K
Vol(50)7.96K