GLOBAL X SOCIAL MEDIA ETF (SOCL) Stock Technical Analysis
USA - NASDAQ:SOCL - US37950E4162 - ETF
We assign a technical rating of 1 out of 10 to SOCL. SOCL has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of SOCL is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
43.21
We found 2 important support areas.
- A support zone ranging from 52.31 to 52.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.65 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 54.98 to 55.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 58.25 to 58.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @59.78 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 | NEUTRAL | NEUTRAL | The long term trend for SOCL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SOCL is down. |
| ChartMill Relative Strength | 77.34 | POSITIVE | SOCL has a high relative strength, it outperformed 77.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SOCL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SOCL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOCL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 26.47 | OVERSOLD | The low RSI value suggests SOCL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests SOCL has a negative trend. |
| Stochastics (14,3) | 10.46 | OVERSOLD | The low Stochastics value suggests SOCL may be oversold. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for SOCL suggests low volalility. |
| Average Directional Index/ADX (14) | 32.95 | POSITIVE | The high ADX value value for SOCL suggests a strong trend. |
52.3182
-0.99 (-1.85%)
GLOBAL X SOCIAL MEDIA ETF / SOCL FAQ
What is the technical rating for SOCL stock?
ChartMill assigns a technical rating of 1 / 10 to SOCL.
Can you provide the trend direction for GLOBAL X SOCIAL MEDIA ETF?
The current trend direction for GLOBAL X SOCIAL MEDIA ETF (SOCL) is Bearish.
Can you provide the RSI signal for GLOBAL X SOCIAL MEDIA ETF?
GLOBAL X SOCIAL MEDIA ETF (SOCL) has an RSI value of 26.4669. This indicates that the stock is currently oversold.
What are the support and resistance levels for GLOBAL X SOCIAL MEDIA ETF (SOCL) stock?
GLOBAL X SOCIAL MEDIA ETF (SOCL) has a support level at 52.31 and a resistance level at 54.98. Check the full technical report for our detailed analysis of SOCL support and resistance levels.