NASDAQ:VGIT - Nasdaq - US92206C7065 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to VGIT. In the last year, VGIT was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
Although the technical rating is only medium, VGIT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 59.24, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VGIT in the last couple of days, which is a good sign.
55.86
2 important support areas can be observed.
2 important resistance areas can be observed.
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 VGIT is up. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VGIT is neutral. |
ChartMill Relative Strength | 30.85 | NEUTRAL | VGIT is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VGIT is below a declining SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VGIT is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VGIT is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 50.37 | NEUTRAL | The RSI value for VGIT is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests VGIT has a positive trend, although the MACD value is declining. |
Stochastics (14,3) | 61.22 | NEUTRAL | The Stochastics value for VGIT is a neutral value. |
Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for VGIT suggests low volalility. |
Average Directional Index/ADX (14) | 8.68 | NEGATIVE | The low ADX value for VGIT suggests a weak or negative trend. |
59.27
-0.07 (-0.12%)