GLOBAL X SUPERDIVIDEND ETF (SDIV) Stock Technical Analysis
NYSEARCA:SDIV - NYSE Arca - US37960A6698 - ETF - Currency: USD
Taking everything into account, SDIV scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SDIV is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
SDIV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
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 61% of them, which is more or less in line with the market.
SDIV 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
20.96
24.36
When analyzing the support we can see 2 important areas.
- Support @22.93 from a trend line in the daily time frame.
- Support @21.17 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.68 to 23.68. 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 | UP | POSITIVE | The short term trend for SDIV is up. |
| ChartMill Relative Strength | 61.88 | 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) | UP | POSITIVE | The current price of SDIV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SDIV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.13 | NEUTRAL | The RSI value for SDIV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SDIV has a negative trend. |
| Stochastics (14,3) | 55.99 | NEUTRAL | The Stochastics value for SDIV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for SDIV suggests low volalility. |
| Average Directional Index/ADX (14) | 43.67 | 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)
23.67
+0.06 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.25%
1 Week-1.09%
2 Weeks1.76%
1 Month4.97%
3 Month12.29%
6 Month11.76%
12 Month7.64%
2 Year0.04%
3 Year-16.15%
5 Year-29.11%
10 Year-64.05%
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%0.98%
ATR Inc-46.69%
Range Today0.12
ADR(20)0.18
ADR(20)%0.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.88
Mansfield0.01
10 Day High24.12
10 Day Low23.15
20 Day High24.12
20 Day Low22.49
52 Week High24.12
52 Week Low17.87
CS1 End22.93
CR1 Start23.68
Volume & EV
DER(3)-0.22%
DER(5)-2.16%
Volume305.60K
Volume Incr8.1%
Vol(5)407.19K
Vol(50)351.49K