Market Vectors? Pre-Refunded Muni ETF (PRB) Stock Technical Analysis
USA - NYSEARCA:PRB -
Taking everything into account, PRB scores 6 out of 10 in our technical rating. Although PRB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, PRB does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 24.58, a Stop Loss order could be placed below this zone.
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23.84
When analyzing the support we notice one important area.
- A support zone ranging from 24.08 to 24.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.59 to 24.66. This zone is formed by a combination of multiple trend lines and important moving averages 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 PRB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRB is neutral. |
| ChartMill Relative Strength | 40.91 | NEUTRAL | PRB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.1 | NEUTRAL | The RSI value for PRB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PRB has a negative trend. |
| Stochastics (14,3) | 40.19 | NEUTRAL | The Stochastics value for PRB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for PRB suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.62 | 24.52 | 0.10 (0.39%) | 25.00% |
| An entry @24.62. This is a Buy Stop order right above the 10 day moving average. | An exit @24.52. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.10 points, which is 0.39%. | For a 0.10% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
Market Vectors? Pre-Refunded Muni ETF
NYSEARCA:PRB (4/5/2019, 8:04:06 PM)
24.58
+0.04 (+0.16%)
Market Vectors? Pre-Refunded Muni ETF / PRB FAQ
Can you provide the ChartMill technical rating for Market Vectors? Pre-Refunded Muni ETF?
ChartMill assigns a technical rating of 6 / 10 to PRB.
What is the current trend direction of Market Vectors? Pre-Refunded Muni ETF (PRB) stock?
The current trend direction for Market Vectors? Pre-Refunded Muni ETF (PRB) is Bullish.
Can you provide the RSI signal for Market Vectors? Pre-Refunded Muni ETF?
Market Vectors? Pre-Refunded Muni ETF (PRB) has an RSI value of 52.1009. This indicates that the stock is currently neutral.
What is the short term momentum for PRB stock?
The short term momentum for Market Vectors? Pre-Refunded Muni ETF (PRB) is neutral.