USA - NASDAQ:VGLT - US92206C8477 - ETF
We assign a technical rating of 6 out of 10 to VGLT. Although VGLT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
VGLT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 56.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 56.77, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VGLT in the last couple of days, which is a good sign.
52.99
We found 2 important support areas.
When analyzing the resistance we notice 4 important areas.
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 VGLT is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VGLT is up. |
ChartMill Relative Strength | 30.83 | NEUTRAL | VGLT is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of VGLT is below the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VGLT is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VGLT is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 54.78 | NEUTRAL | The RSI value for VGLT is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests VGLT has a negative trend. |
Stochastics (14,3) | 35.6 | NEUTRAL | The Stochastics value for VGLT is a neutral value. |
Average True Range in percent/ATR (20) | 0.76 | LOW VOLATILITY | The low ATR as a percentage value for VGLT suggests low volalility. |
Average Directional Index/ADX (14) | 20.92 | NEUTRAL | The ADX value for VGLT suggests a possible start of a new 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 |
---|---|---|---|
57.17 | 56.33 | 0.84 (1.46%) | 25.00% |
An entry @57.17. This is a Buy Stop order right above the resistance zone. | An exit @56.33. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.84 points, which is 1.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.37%. |
56.79
-0.07 (-0.12%)