NYSEARCA:SGOV - US46436E7186 - ETF
We assign a technical rating of 1 out of 10 to SGOV. SGOV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of SGOV is bad and it also does not present a quality setup 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.
99.06
We found 1 important support area.
When analyzing the resistance we notice one important area.
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 | NEUTRAL | NEUTRAL | The long term trend for SGOV is neutral. |
ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SGOV is down. |
ChartMill Relative Strength | 30.18 | NEUTRAL | SGOV is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of SGOV is below the rising SMA(20). |
Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SGOV is below a declining SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SGOV is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 40.15 | NEUTRAL | The RSI value for SGOV is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SGOV has a negative trend. |
Stochastics (14,3) | 11.11 | OVERSOLD | The low Stochastics value suggests SGOV may be oversold. |
Average True Range in percent/ATR (20) | 0.04 | LOW VOLATILITY | The low ATR as a percentage value for SGOV suggests low volalility. |
Average Directional Index/ADX (14) | 23.86 | NEUTRAL | The ADX value for SGOV suggests a possible start of a new trend. |
100.44
+0.02 (+0.02%)