NYSEARCA:SCHZ - NYSE Arca - US8085248396 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to SCHZ. Although SCHZ is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
SCHZ has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 23.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SCHZ in the last couple of days, which is a good sign.
22.24
We found 1 important support area.
When analyzing the resistance we notice 2 important areas.
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 SCHZ is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCHZ is up. |
ChartMill Relative Strength | 36.26 | NEUTRAL | SCHZ is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCHZ is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCHZ is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SCHZ is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 61.83 | NEUTRAL | The RSI value for SCHZ is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SCHZ has a positive trend. |
Stochastics (14,3) | 82.14 | OVERBOUGHT | The high Stochastics value suggests SCHZ may be overbought. |
Average True Range in percent/ATR (20) | 0.33 | LOW VOLATILITY | The low ATR as a percentage value for SCHZ suggests low volalility. |
Average Directional Index/ADX (14) | 15.61 | NEGATIVE | The low ADX value for SCHZ suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
23.32 | 23.07 | 0.25 (1.07%) | 25.00% |
An entry @23.32. This is a Buy Stop order right above the resistance zone. | An exit @23.07. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.25 points, which is 1.07%. | For a 0.27% total portfolio risk, you can invest 25.00% of your capital in this trade. |
23.26
+0.09 (+0.39%)