Global X Jpmorgan US Sector Rot (SCTO) Technical Analysis
NYSEARCA:SCTO
Overall SCTO gets a technical rating of 1 out of 10. SCTO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SCTO is a bad performer in the overall market: 73% of all stocks are doing better.
- SCTO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Warning: SCTO has an average volume of 488 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month SCTO has a been trading in a tight range between 22.75 and 22.90.
SCTO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 22.85, a Stop Loss order could be placed below this zone.
More info and screens
22.55
We found 1 important support area.
- A support zone ranging from 22.78 to 22.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 22.86 to 23.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.99 from a trend line in the weekly time frame.
- A resistance zone ranging from 24.71 to 24.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.77 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 | DOWN | NEGATIVE | The long term trend for SCTO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SCTO is down. |
| ChartMill Relative Strength | 27.68 | NEGATIVE | SCTO has a low relative strength, it was outperformed by 72.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCTO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SCTO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SCTO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.85 | NEUTRAL | The RSI value for SCTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests SCTO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.31 | NEUTRAL | The Stochastics value for SCTO is a neutral value. |
| Average True Range in percent/ATR (20) | 0.09 | LOW VOLATILITY | The low ATR as a percentage value for SCTO suggests low volalility. |
SCTO Technicals: Chart, Performance Metrics, Trend & Indicators
Global X Jpmorgan US Sector Rot
NYSEARCA:SCTO (7/5/2019, 8:04:03 PM)
22.85
0 (0%)
Global X Jpmorgan US Sector Rot / SCTO FAQ
What is the ChartMill technical rating of Global X Jpmorgan US Sector Rot (SCTO) stock?
ChartMill assigns a technical rating of 1 / 10 to SCTO.
Can you provide the trend direction for Global X Jpmorgan US Sector Rot?
The current trend direction for Global X Jpmorgan US Sector Rot (SCTO) is Bearish.
Can you provide the RSI signal for Global X Jpmorgan US Sector Rot?
Global X Jpmorgan US Sector Rot (SCTO) has an RSI value of 37.8463. This indicates that the stock is currently neutral.
What is the MACD signal for SCTO stock?
The MACD indicator for Global X Jpmorgan US Sector Rot (SCTO) has a value of 0.0410355, indicating a bearish trend.
Can you provide the short term momentum for Global X Jpmorgan US Sector Rot?
The short term momentum for Global X Jpmorgan US Sector Rot (SCTO) is negative.