GMO INTERNATIONAL QLTY ETF (QLTI) Technical Analysis
NYSEARCA:QLTI • US90139K3086
Taking everything into account, QLTI scores 1 out of 10 in our technical rating. QLTI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month QLTI has a been trading in the 25.64 - 28.15 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, QLTI outperforms 49% of them, which is more or less in line with the market.
- QLTI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so QLTI is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
The technical rating of QLTI is bad and it also does not present a 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
22.09
When analyzing the support we can see 3 important areas.
- Support @25.51 from a horizontal line in the daily time frame.
- A support zone ranging from 24.82 to 24.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.31 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- Strong resistance @26.03 from a horizontal line in the daily time frame.
- A resistance zone ranging from 26.62 to 27.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.89 to 28.14. 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 | NEUTRAL | NEUTRAL | The long term trend for QLTI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QLTI is down. |
| ChartMill Relative Strength | 49.89 | NEUTRAL | QLTI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QLTI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QLTI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of QLTI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 29.82 | OVERSOLD | The low RSI value suggests QLTI may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests QLTI has a negative trend. |
| Stochastics (14,3) | 16.12 | OVERSOLD | The low Stochastics value suggests QLTI may be oversold. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for QLTI suggests low volalility. |
| Average Directional Index/ADX (14) | 30.19 | POSITIVE | The high ADX value value for QLTI suggests a strong trend. |
QLTI Technicals: Chart, Performance Metrics, Trend & Indicators
25.79
-0.38 (-1.47%)
GMO INTERNATIONAL QLTY ETF / QLTI FAQ
What is the ChartMill technical rating of GMO INTERNATIONAL QLTY ETF (QLTI) stock?
ChartMill assigns a technical rating of 1 / 10 to QLTI.
Can you provide the trend direction for GMO INTERNATIONAL QLTY ETF?
The current trend direction for GMO INTERNATIONAL QLTY ETF (QLTI) is Bearish.
Can you provide the RSI signal for GMO INTERNATIONAL QLTY ETF?
GMO INTERNATIONAL QLTY ETF (QLTI) has an RSI value of 29.8162. This indicates that the stock is currently oversold.
What is the support and resistance level for QLTI stock?
GMO INTERNATIONAL QLTY ETF (QLTI) has a support level at 25.51 and a resistance level at 26.03. Check the full technical report for our detailed analysis of QLTI support and resistance levels.