GLOBAL X SUPERDIVIDEND ETF (SDIV) Stock Technical Analysis
NYSEARCA:SDIV - NYSE Arca - US37960A6698 - ETF - Currency: USD
Taking everything into account, SDIV scores 7 out of 10 in our technical rating. 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.
In the last month SDIV has a been trading in the 22.73 - 24.12 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
SDIV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SDIV is performing more or less in line with the market.
When compared to the yearly performance of all other stocks, SDIV outperforms 59% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
Although SDIV has an excellent technical rating, it does not present a decent entry opportunity 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
22.23
24.36
When analyzing the support we notice one important area.
- A support zone ranging from 22.45 to 22.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @23.05 from a trend line in the daily time frame.
- A resistance zone ranging from 23.44 to 23.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.12 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 SDIV is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SDIV is neutral. |
| ChartMill Relative Strength | 59.02 | NEUTRAL | SDIV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SDIV is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SDIV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SDIV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.38 | NEUTRAL | The RSI value for SDIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests SDIV has a negative trend. |
| Stochastics (14,3) | 10.82 | OVERSOLD | The low Stochastics value suggests SDIV may be oversold. |
| Average True Range in percent/ATR (20) | 1.07 | LOW VOLATILITY | The low ATR as a percentage value for SDIV suggests low volalility. |
| Average Directional Index/ADX (14) | 36.9 | POSITIVE | The high ADX value value for SDIV suggests a strong 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)
22.91
-0.18 (-0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.78%
1 Week-3.21%
2 Weeks-2.63%
1 Month0.17%
3 Month8.68%
6 Month8.17%
12 Month4.18%
2 Year1.82%
3 Year-14.19%
5 Year-32.24%
10 Year-62.55%
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%1.07%
ATR Inc36.34%
Range Today0.2
ADR(20)0.18
ADR(20)%0.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.02
Mansfield-0.1
10 Day High24.12
10 Day Low22.73
20 Day High24.12
20 Day Low22.73
52 Week High24.12
52 Week Low17.87
CS1 End22.9
CR1 Start23.05
Volume & EV
DER(3)-1.45%
DER(5)-1.33%
Volume1.42M
Volume Incr41.06%
Vol(5)572.30K
Vol(50)372.51K