PowerShares Fundamental Pure Lg Gr ETF (PXLG) Technical Analysis
NYSEARCA:PXLG
Current stock price
PXLG Technical Rating and Analysis
Overall PXLG gets a technical rating of 7 out of 10. Although PXLG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- The long and short term trends are both positive. This is looking good!
- PXLG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PXLG is leading the market.
- In the last month PXLG has a been trading in the 50.75 - 56.13 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that PXLG is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- Considerably lower volume is observed in the last couple of days.
PXLG Weekly and Daily overview Charts
PXLG Setup Rating and Analysis
Although PXLG has an excellent technical rating, it does not offer a high quality setup 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
PXLG Support and Resistance Analysis
50.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 53.76 to 54.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.02 to 52.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 55.88 to 56.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
PXLG Technical Indicator Signal Analysis
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 PXLG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PXLG is up. |
| ChartMill Relative Strength | 79.31 | POSITIVE | PXLG has a high relative strength, it outperformed 79.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PXLG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PXLG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PXLG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.22 | NEUTRAL | The RSI value for PXLG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests PXLG has a positive trend. |
| Stochastics (14,3) | 96.96 | OVERBOUGHT | The high Stochastics value suggests PXLG may be overbought. |
| Average True Range in percent/ATR (20) | 1.2 | LOW VOLATILITY | The low ATR as a percentage value for PXLG suggests low volalility. |
PXLG Chart- and CandleStick Pattern Analysis
PXLG Technicals: Chart, Performance Metrics, Trend & Indicators
PowerShares Fundamental Pure Lg Gr ETF
NYSEARCA:PXLG (6/21/2019, 8:33:48 PM)
55.8736
-0.19 (-0.33%)
PowerShares Fundamental Pure Lg Gr ETF / PXLG TA FAQ
What is the technical rating for PXLG stock?
ChartMill assigns a technical rating of 7 / 10 to PXLG.
What is the trend direction for PXLG stock?
The current trend direction for PowerShares Fundamental Pure Lg Gr ETF (PXLG) is Bullish.
Can you provide the RSI signal for PowerShares Fundamental Pure Lg Gr ETF?
PowerShares Fundamental Pure Lg Gr ETF (PXLG) has an RSI value of 66.2155. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PowerShares Fundamental Pure Lg Gr ETF?
The MACD indicator for PowerShares Fundamental Pure Lg Gr ETF (PXLG) has a value of 0.297534, indicating a bearish trend.
Can you provide the support and resistance levels for PowerShares Fundamental Pure Lg Gr ETF?
PowerShares Fundamental Pure Lg Gr ETF (PXLG) has a support level at 54.82 and a resistance level at 55.88. Check the full technical report for our detailed analysis of PXLG support and resistance levels.