Overall PXMG gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PXMG is showing a nice and steady performance.
Although PXMG has an excellent technical rating, the quality of the presented setup is not ideal 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
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. |
PowerShares Fundamental Pure Mid Gr ETF
NYSEARCA:PXMG (6/21/2019, 8:33:49 PM)
59.49
-0.66 (-1.1%)
PowerShares Fundamental Pure Mid Gr ETF / PXMG FAQ
What is the technical rating for PXMG stock?
ChartMill assigns a technical rating of 7 / 10 to PXMG.
What is the current trend direction of PowerShares Fundamental Pure Mid Gr ETF (PXMG) stock?
The current trend direction for PowerShares Fundamental Pure Mid Gr ETF (PXMG) is Bullish.
What is the RSI signal for PowerShares Fundamental Pure Mid Gr ETF (PXMG) stock?
PowerShares Fundamental Pure Mid Gr ETF (PXMG) has an RSI value of 59.599. This indicates that the stock is currently neutral.
What is the MACD signal for PXMG stock?
The MACD indicator for PowerShares Fundamental Pure Mid Gr ETF (PXMG) has a value of 0.259127, indicating a bearish trend.
Can you provide the buy/sell signal for PowerShares Fundamental Pure Mid Gr ETF?
The buy/sell signal for PowerShares Fundamental Pure Mid Gr ETF (PXMG) is buy as both the short term and long term trends are positive.