G-X Fertilizers/Potash ETF (SOIL) Stock Technical Analysis
USA - NYSEARCA:SOIL -
Overall SOIL gets a technical rating of 8 out of 10. Although SOIL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, SOIL 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 resistance zone just above the current price starting at 8.19. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.90
When analyzing the support we can see 3 important areas.
- Support @7.72 from a trend line in the daily time frame.
- Support @7.36 from a trend line in the daily time frame.
- A support zone ranging from 6.97 to 7.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 8.19 to 8.27. This zone is formed by a combination of multiple trend lines and important moving averages 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 SOIL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOIL is up. |
| ChartMill Relative Strength | 64.97 | NEUTRAL | SOIL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOIL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOIL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SOIL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.07 | NEUTRAL | The RSI value for SOIL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests SOIL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.41 | OVERBOUGHT | The high Stochastics value suggests SOIL may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for SOIL suggests low volalility. |
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 |
|---|---|---|---|
| 8.28 | 7.76 | 0.52 (6.28%) | 15.92% |
| An entry @8.28. This is a Buy Stop order right above the resistance zone. | An exit @7.76. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.52 points, which is 6.28%. | When investing 15.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
NYSEARCA:SOIL (8/21/2020, 8:13:13 PM)
8.165
+0.04 (+0.52%)
G-X Fertilizers/Potash ETF / SOIL FAQ
What is the technical rating for SOIL stock?
ChartMill assigns a technical rating of 8 / 10 to SOIL.
What is the current trend direction of G-X Fertilizers/Potash ETF (SOIL) stock?
The current trend direction for G-X Fertilizers/Potash ETF (SOIL) is Bullish.
What is the RSI signal for G-X Fertilizers/Potash ETF (SOIL) stock?
G-X Fertilizers/Potash ETF (SOIL) has an RSI value of 65.0658. This indicates that the stock is currently neutral.
Can you provide the short term momentum for G-X Fertilizers/Potash ETF?
The short term momentum for G-X Fertilizers/Potash ETF (SOIL) is positive.
Can you provide the buy/sell signal for G-X Fertilizers/Potash ETF?
The buy/sell signal for G-X Fertilizers/Potash ETF (SOIL) is buy as both the short term and long term trends are positive.