GLOBAL X DEFENSE TECH ETF (SHLD) Stock Technical Analysis
NYSEARCA:SHLD - NYSE Arca - US37960A5294 - ETF - Currency: USD
Overall SHLD gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month SHLD has a been trading in the 59.86 - 63.72 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, SHLD did better than 90% of all other stocks. On top of that, SHLD also shows a nice and consistent pattern of rising prices.
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 1136650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although SHLD has an excellent technical rating, it does not offer a high 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.
More info and screens
42.00
64.28
3 important support areas can be observed.
- A support zone ranging from 60.19 to 60.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.30 from a trend line in the daily time frame.
- Support @42.42 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 61.90 to 62.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @63.64 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 SHLD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHLD is neutral. |
| ChartMill Relative Strength | 90.43 | POSITIVE | SHLD has a high relative strength, it outperformed 90.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHLD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SHLD is below 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) | 43.69 | NEUTRAL | The RSI value for SHLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.21 | NEGATIVE | The MACD value suggests SHLD has a negative trend. |
| Stochastics (14,3) | 49.27 | NEUTRAL | The Stochastics value for SHLD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.76 | LOW VOLATILITY | The low ATR as a percentage value for SHLD suggests low volalility. |
| Average Directional Index/ADX (14) | 16.67 | NEGATIVE | The low ADX value for SHLD suggests a weak or negative 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)
60.2
-2.61 (-4.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-4.16%
1 Week-3.12%
2 Weeks-4.63%
1 Month-0.79%
3 Month8.9%
6 Month45.62%
12 Month64.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.13
ATR(20)%1.76%
ATR Inc76.2%
Range Today1.26
ADR(20)0.8
ADR(20)%1.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.43
Mansfield1.89
10 Day High63.72
10 Day Low60.03
20 Day High63.72
20 Day Low59.86
52 Week High63.72
52 Week Low35.62
CS1 End60.19
CR1 Start61.9
Volume & EV
DER(3)-4.41%
DER(5)-0.59%
Volume1.62M
Volume Incr-18.29%
Vol(5)790.86K
Vol(50)1.14M