Agfiq Dynamic Hedged U.S. Equity ETF (USHG) Stock Technical Analysis
USA - NYSEARCA:USHG -
We assign a technical rating of 5 out of 10 to USHG. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, USHG is a bad performer.
Although the technical rating is only medium, USHG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 31.78. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.49, a Stop Loss order could be placed below this zone.
More info and screens
28.19
3 important support areas can be observed.
- A support zone ranging from 30.92 to 31.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.16 to 30.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 28.47 to 28.56. 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 31.78 to 31.78. 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 USHG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for USHG is up. |
| ChartMill Relative Strength | 20.34 | NEGATIVE | USHG has a low relative strength, it was outperformed by 79.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of USHG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of USHG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of USHG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.33 | NEUTRAL | The RSI value for USHG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests USHG has a positive trend. |
| Stochastics (14,3) | 82.51 | OVERBOUGHT | The high Stochastics value suggests USHG may be overbought. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for USHG suggests low volalility. |
Agfiq Dynamic Hedged U.S. Equity ETF
NYSEARCA:USHG (3/12/2021, 8:04:00 PM)
31.51
+0.11 (+0.36%)