GLOBAL X SUPERDIVIDEND REIT (SRET) Stock Technical Analysis
NASDAQ:SRET - Nasdaq - US37960A6516 - ETF - Currency: USD
Taking everything into account, SRET scores 6 out of 10 in our technical rating. SRET has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, SRET does present a nice setup opportunity. 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 21.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.19, a Stop Loss order could be placed below this zone.
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18.97
We found 3 important support areas.
- A support zone ranging from 20.87 to 21.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.38 from a horizontal line in the daily time frame.
- A support zone ranging from 19.16 to 19.36. This zone is formed by a combination of multiple trend lines in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 21.31 to 21.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Strong resistance @21.83 from a horizontal line in the daily time frame.
- Resistance @22.19 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 22.59 to 22.70. This zone is formed by a combination of multiple trend lines 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 SRET is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SRET is up. |
| ChartMill Relative Strength | 43.07 | NEUTRAL | SRET is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SRET is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SRET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SRET is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.59 | NEUTRAL | The RSI value for SRET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SRET has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.9 | NEUTRAL | The Stochastics value for SRET is a neutral value. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for SRET suggests low volalility. |
| Average Directional Index/ADX (14) | 16.14 | NEGATIVE | The low ADX value for SRET suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 21.39 | 20.99 | 0.40 (1.87%) | 25.00% |
| An entry @21.39. This is a Buy Stop order right above the resistance zone. | An exit @20.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.40 points, which is 1.87%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.47%. |
- 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.
21.215
+0.09 (+0.42%)