Overall PGAL gets a technical rating of 2 out of 10. PGAL performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 66% of all other stocks performed better in the past year than PGAL.
- 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 currently trading near new highs, so PGAL is lagging the market.
- 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
When analyzing the support we can see 3 important 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.
When analyzing the resistance we notice 2 important 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. |
NYSEARCA:PGAL (2/16/2024, 8:19:25 PM)
10.315
0 (-0.05%)
GLOBAL X MSCI PORTUGAL ETF / PGAL FAQ
What is the technical rating for PGAL stock?
ChartMill assigns a technical rating of 2 / 10 to PGAL.
What is the trend direction for PGAL stock?
The current trend direction for GLOBAL X MSCI PORTUGAL ETF (PGAL) is Bearish.
What is the RSI signal for PGAL stock?
GLOBAL X MSCI PORTUGAL ETF (PGAL) has an RSI value of 47.5719. This indicates that the stock is currently neutral.
What is the MACD signal for PGAL stock?
The MACD indicator for GLOBAL X MSCI PORTUGAL ETF (PGAL) has a value of 0.00916202, indicating a bearish trend.
What is the short term momentum for GLOBAL X MSCI PORTUGAL ETF (PGAL) stock?
The short term momentum for GLOBAL X MSCI PORTUGAL ETF (PGAL) is negative.