PowerShares Fundamental Pure Sm Gr ETF (PXSG) Stock Technical Analysis
USA - NYSEARCA:PXSG -
Overall PXSG gets a technical rating of 7 out of 10. Although PXSG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although PXSG 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.
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28.79
When analyzing the support we can see 2 important areas.
- A support zone ranging from 34.91 to 36.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.08 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @37.73 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for PXSG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PXSG is up. |
| ChartMill Relative Strength | 60.05 | NEUTRAL | PXSG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PXSG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PXSG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PXSG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.47 | NEUTRAL | The RSI value for PXSG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests PXSG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.69 | OVERBOUGHT | The high Stochastics value suggests PXSG may be overbought. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for PXSG suggests low volalility. |
PowerShares Fundamental Pure Sm Gr ETF
NYSEARCA:PXSG (6/21/2019, 8:33:50 PM)
37.4836
-0.4 (-1.05%)
PowerShares Fundamental Pure Sm Gr ETF / PXSG FAQ
What is the technical rating for PXSG stock?
ChartMill assigns a technical rating of 7 / 10 to PXSG.
What is the trend direction for PXSG stock?
The current trend direction for PowerShares Fundamental Pure Sm Gr ETF (PXSG) is Bullish.
What is the RSI signal for PXSG stock?
PowerShares Fundamental Pure Sm Gr ETF (PXSG) has an RSI value of 58.4693. This indicates that the stock is currently neutral.
What is the short term momentum for PXSG stock?
The short term momentum for PowerShares Fundamental Pure Sm Gr ETF (PXSG) is positive.
What are the support and resistance levels for PowerShares Fundamental Pure Sm Gr ETF (PXSG) stock?
PowerShares Fundamental Pure Sm Gr ETF (PXSG) has a support level at 36.94 and a resistance level at 37.73. Check the full technical report for our detailed analysis of PXSG support and resistance levels.