Taking everything into account, PGJ scores 1 out of 10 in our technical rating. PGJ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, PGJ does present a nice setup opportunity. 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 30.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.10, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PGJ 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.
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24.95
4 important support areas can be observed.
- A support zone ranging from 29.97 to 30.10. 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 28.50 to 29.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.80 from a horizontal line in the daily time frame.
- Support @25.20 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 30.62 to 30.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.54 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for PGJ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PGJ is down. |
| ChartMill Relative Strength | 54.9 | NEUTRAL | PGJ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PGJ is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PGJ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PGJ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.58 | NEUTRAL | The RSI value for PGJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests PGJ has a positive trend. |
| Stochastics (14,3) | 75.44 | NEUTRAL | The Stochastics value for PGJ is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for PGJ suggests low volalility. |
| Average Directional Index/ADX (14) | 25.4 | POSITIVE | The high ADX value value for PGJ suggests a strong trend. |
30.23
+0.06 (+0.2%)
INVESCO GOLDEN DRAGON CHINA / PGJ FAQ
What is the ChartMill technical rating of INVESCO GOLDEN DRAGON CHINA (PGJ) stock?
ChartMill assigns a technical rating of 1 / 10 to PGJ.
What is the current trend direction of INVESCO GOLDEN DRAGON CHINA (PGJ) stock?
The current trend direction for INVESCO GOLDEN DRAGON CHINA (PGJ) is Bearish.
What is the RSI signal for PGJ stock?
INVESCO GOLDEN DRAGON CHINA (PGJ) has an RSI value of 47.5822. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INVESCO GOLDEN DRAGON CHINA?
The MACD indicator for INVESCO GOLDEN DRAGON CHINA (PGJ) has a value of 0.114338, indicating a bearish trend.
What is the short term momentum for INVESCO GOLDEN DRAGON CHINA (PGJ) stock?
The short term momentum for INVESCO GOLDEN DRAGON CHINA (PGJ) is negative.