GLOBAL X RUSSELL 2000 ETF (RSSL) Stock Technical Analysis
NYSEARCA:RSSL - NYSE Arca - US37960A4537 - ETF - Currency: USD
Overall RSSL gets a technical rating of 7 out of 10. RSSL has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: RSSL has an average volume of 5918 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
In the last month RSSL has a been trading in the 80.00 - 85.02 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, RSSL outperforms 57% of them, which is more or less in line with the market.
RSSL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RSSL is lagging the market.
Considerably lower volume is observed in the last couple of days.
RSSL 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
78.77
89.05
2 important support areas can be observed.
- A support zone ranging from 81.38 to 84.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 79.57 to 80.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @88.17 from a horizontal line in the daily 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 RSSL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RSSL is up. |
| ChartMill Relative Strength | 57.72 | NEUTRAL | RSSL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RSSL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RSSL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RSSL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.42 | NEUTRAL | The RSI value for RSSL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests RSSL has a positive trend. |
| Stochastics (14,3) | 87.04 | OVERBOUGHT | The high Stochastics value suggests RSSL may be overbought. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for RSSL suggests low volalility. |
| Average Directional Index/ADX (14) | 17.6 | NEGATIVE | The low ADX value for RSSL suggests a weak or negative trend. |
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)
84.84
-0.03 (-0.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.04%
1 Week2.88%
2 Weeks1.82%
1 Month4.82%
3 Month7.39%
6 Month-3.55%
12 Month6.2%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%0.95%
ATR Inc-4.05%
Range Today0.27
ADR(20)0.44
ADR(20)%0.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.72
Mansfield-0.63
10 Day High85.02
10 Day Low81.85
20 Day High85.02
20 Day Low80
52 Week High96.48
52 Week Low67.67
CS1 End84.63
CR1 Start88.17
Volume & EV
DER(3)0%
DER(5)0%
Volume2.20K
Volume Incr-84.72%
Vol(5)980
Vol(50)5.92K