GLOBAL X DEFENSE TECH ETF (SHLD) Stock Technical Analysis
USA - NYSEARCA:SHLD - US37960A5294 - ETF
We assign a technical rating of 10 out of 10 to SHLD. Both in the recent history as in the last year, SHLD has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, SHLD also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
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43.56
4 important support areas can be observed.
- A support zone ranging from 66.55 to 66.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 64.09 to 65.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @60.20 from a horizontal line in the daily time frame.
- Support @44.00 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 70.55 to 71.51. 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 SHLD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHLD is up. |
| ChartMill Relative Strength | 90.5 | POSITIVE | SHLD has a high relative strength, it outperformed 90.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of SHLD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHLD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54 | NEUTRAL | The RSI value for SHLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests SHLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 78.5 | NEUTRAL | The Stochastics value for SHLD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for SHLD suggests low volalility. |
| Average Directional Index/ADX (14) | 19.72 | NEGATIVE | The low ADX value for SHLD suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 68.69 | 66.54 | 2.15 (3.13%) | 25.00% |
| An entry @68.69. This is a Buy Stop order right above the 10 day high. | An exit @66.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.15 points, which is 3.13%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.78%. |
- 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.
68.31
+0.61 (+0.9%)
GLOBAL X DEFENSE TECH ETF / SHLD FAQ
What is the ChartMill technical rating of GLOBAL X DEFENSE TECH ETF (SHLD) stock?
ChartMill assigns a technical rating of 10 / 10 to SHLD.
Can you provide the trend direction for GLOBAL X DEFENSE TECH ETF?
The current trend direction for GLOBAL X DEFENSE TECH ETF (SHLD) is Bullish.
What is the RSI signal for SHLD stock?
GLOBAL X DEFENSE TECH ETF (SHLD) has an RSI value of 54.0037. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GLOBAL X DEFENSE TECH ETF?
The MACD indicator for GLOBAL X DEFENSE TECH ETF (SHLD) has a value of -0.0933245, indicating a bearish trend.
What is the buy/sell signal for GLOBAL X DEFENSE TECH ETF (SHLD) stock?
The buy/sell signal for GLOBAL X DEFENSE TECH ETF (SHLD) is buy as both the short term and long term trends are positive.