PowerShares Fundamental Pure Mid Gr ETF (PXMG) Stock Technical Analysis
NYSEARCA:PXMG - NYSE Arca -
We assign a technical rating of 8 out of 10 to PXMG. Both in the recent history as in the last year, PXMG has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
PXMG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PXMG has a been trading in the 54.28 - 60.71 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, PXMG did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
PXMG has an excellent technical rating, but the quality of the setup is 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
54.04
60.76
When analyzing the support we can see 3 important areas.
- A support zone ranging from 57.32 to 57.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.74 to 56.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @54.59 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 59.50 to 60.16. 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 | UP | POSITIVE | The long term trend for PXMG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PXMG is up. |
| ChartMill Relative Strength | 86.45 | POSITIVE | PXMG has a high relative strength, it outperformed 86.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PXMG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PXMG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PXMG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.6 | NEUTRAL | The RSI value for PXMG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests PXMG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.54 | OVERBOUGHT | The high Stochastics value suggests PXMG may be overbought. |
| Average True Range in percent/ATR (20) | 1.52 | LOW VOLATILITY | The low ATR as a percentage value for PXMG suggests low volalility. |
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)
PowerShares Fundamental Pure Mid Gr ETF
NYSEARCA:PXMG (6/21/2019, 8:33:49 PM)
59.49
-0.66 (-1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.1%
1 Week1.5%
2 Weeks2.09%
1 Month5.8%
3 Month7.23%
6 Month40.9%
12 Month18.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.88
ATR(20)%1.52%
ATR Inc-8.36%
Range Today0.67
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.45
Mansfield0.72
10 Day High60.71
10 Day Low58.01
20 Day High60.71
20 Day Low54.28
52 Week High60.71
52 Week Low41.22
CS1 End57.93
CR1 Start59.5
Volume & EV
DER(3)-2.6%
DER(5)-0.07%
Volume113.30K
Volume Incr-45.09%
Vol(5)112.24K
Vol(50)167.62K