G-X Fertilizers/Potash ETF (SOIL) Technical Analysis
NYSEARCA:SOIL
Current stock price
SOIL Technical Rating and Analysis
Taking everything into account, SOIL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SOIL is only an average performer.
- Warning: SOIL has an average volume of 9192 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- SOIL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SOIL is performing more or less in line with the market.
- SOIL is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, SOIL outperforms 64% of them, which is more or less in line with the market.
SOIL Weekly and Daily overview Charts
SOIL Setup Rating and Analysis
SOIL 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 resistance zone just above the current price starting at 8.19. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
SOIL Support and Resistance Analysis
6.90
3 important support areas can be observed.
- 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.
SOIL 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 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. |
SOIL Chart- and CandleStick Pattern Analysis
SOIL 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 |
|---|---|---|---|
| 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.
SOIL Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:SOIL (8/21/2020, 8:13:13 PM)
8.165
+0.04 (+0.52%)
G-X Fertilizers/Potash ETF / SOIL TA FAQ
What is the technical rating for SOIL stock?
ChartMill assigns a technical rating of 8 / 10 to SOIL.
What is the trend direction for 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.
What is the MACD signal for G-X Fertilizers/Potash ETF (SOIL) stock?
The MACD indicator for G-X Fertilizers/Potash ETF (SOIL) has a value of 0.00171617, indicating a bearish trend.
What is the buy/sell signal for G-X Fertilizers/Potash ETF (SOIL) stock?
The buy/sell signal for G-X Fertilizers/Potash ETF (SOIL) is buy as both the short term and long term trends are positive.