GLOBAL X DEFENSE TECH ETF (SHLD) Technical Analysis
NYSEARCA:SHLD • US37960A5294
Current stock price
SHLD Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to SHLD. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SHLD is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that SHLD is one of the better performing stocks in the market, outperforming 74% of all stocks. We also observe that the gains produced by SHLD over the past year are nicely spread over this period.
- SHLD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHLD is lagging the market slightly.
- SHLD has an average volume of 2000220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month SHLD has a been trading in the 67.97 - 77.19 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SHLD Weekly and Daily overview Charts
SHLD Setup Rating and Analysis
SHLD has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 74.35, a Stop Loss order could be placed below this zone.
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SHLD Support and Resistance Analysis
60.58
We found 4 important support areas.
- A support zone ranging from 73.07 to 74.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @71.42 from a trend line in the weekly time frame.
- A support zone ranging from 68.30 to 69.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @61.19 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 77.91 to 78.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
SHLD Technical Indicator Signal Analysis
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 | 74.91 | POSITIVE | SHLD has a high relative strength, it outperformed 74.91% 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) | 52.36 | NEUTRAL | The RSI value for SHLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests SHLD has a positive trend. |
| Stochastics (14,3) | 89.19 | OVERBOUGHT | The high Stochastics value suggests SHLD may be overbought. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for SHLD suggests some volalility. |
| Average Directional Index/ADX (14) | 19.04 | NEGATIVE | The low ADX value for SHLD suggests a weak or negative trend. |
SHLD Chart- and CandleStick Pattern Analysis
SHLD Example Setup
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 |
|---|---|---|---|
| 78.03 | 73.06 | 4.97 (6.37%) | 15.70% |
| An entry @78.03. This is a Buy Stop order right above the resistance zone. | An exit @73.06. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.97 points, which is 6.37%. | For a 1.00% total portfolio risk, you can invest 15.70% of your capital in this trade. |
- 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.
SHLD Technicals: Chart, Performance Metrics, Trend & Indicators
74.59
+0.26 (+0.35%)
GLOBAL X DEFENSE TECH ETF / SHLD TA FAQ
What is the ChartMill technical rating of GLOBAL X DEFENSE TECH ETF (SHLD) stock?
ChartMill assigns a technical rating of 8 / 10 to SHLD.
What is the trend direction for SHLD stock?
The current trend direction for GLOBAL X DEFENSE TECH ETF (SHLD) is Bullish.
What is the RSI signal for GLOBAL X DEFENSE TECH ETF (SHLD) stock?
GLOBAL X DEFENSE TECH ETF (SHLD) has an RSI value of 52.3601. This indicates that the stock is currently neutral.
What is the MACD signal for GLOBAL X DEFENSE TECH ETF (SHLD) stock?
The MACD indicator for GLOBAL X DEFENSE TECH ETF (SHLD) has a value of 0.237524, indicating a bearish trend.
What are the support and resistance levels for GLOBAL X DEFENSE TECH ETF (SHLD) stock?
GLOBAL X DEFENSE TECH ETF (SHLD) has a support level at 74.35 and a resistance level at 77.91. Check the full technical report for our detailed analysis of SHLD support and resistance levels.