GLOBAL X SUPERDIVIDEND ETF (SDIV) Stock Technical Analysis
NYSEARCA:SDIV - NYSE Arca - US37960A6698 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to SDIV. Although SDIV is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
SDIV is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When compared to the yearly performance of all other stocks, SDIV outperforms 40% of them, which is more or less in line with the market.
SDIV 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 SDIV is lagging the market slightly.
In the last month SDIV has a been trading in a tight range between 20.56 and 21.61.
Although SDIV 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.
More info and screens
20.38
23.94
When analyzing the support we notice one important area.
- A support zone ranging from 20.59 to 21.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 21.41 to 21.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.22 from a horizontal line in the daily time frame.
- Resistance @23.10 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 23.51 to 23.70. 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 | UP | POSITIVE | The long term trend for SDIV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SDIV is up. |
| ChartMill Relative Strength | 40.54 | NEUTRAL | SDIV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SDIV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SDIV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SDIV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.6 | NEUTRAL | The RSI value for SDIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SDIV has a negative trend. |
| Stochastics (14,3) | 71.73 | NEUTRAL | The Stochastics value for SDIV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.04 | LOW VOLATILITY | The low ATR as a percentage value for SDIV suggests low volalility. |
| Average Directional Index/ADX (14) | 17.01 | NEGATIVE | The low ADX value for SDIV 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)
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 |
|---|---|---|---|
| 21.42 | 20.92 | 0.50 (2.33%) | 25.00% |
| An entry @21.42. This is a Buy Stop order right above the 10 day moving average. | An exit @20.92. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.50 points, which is 2.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.39
-0.07 (-0.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.33%
1 Week-0.83%
2 Weeks-0.09%
1 Month2.49%
3 Month0.9%
6 Month-0.93%
12 Month-6.18%
2 Year1.86%
3 Year-32.67%
5 Year-32.1%
10 Year-69.04%
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%1.04%
ATR Inc-9.39%
Range Today0.09
ADR(20)0.19
ADR(20)%0.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.54
Mansfield-0.38
10 Day High21.62
10 Day Low20.93
20 Day High21.62
20 Day Low20.56
52 Week High23.78
52 Week Low17.87
CS1 End21.18
CR1 Start21.41
Volume & EV
DER(3)3.42%
DER(5)-0.27%
Volume197.70K
Volume Incr-20.04%
Vol(5)272.14K
Vol(50)353.11K