USA - NYSEARCA:VNQ - US9229085538 - ETF
We assign a technical rating of 5 out of 10 to VNQ. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, VNQ is a bad performer.
Although the technical rating is only medium, VNQ 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 support zone below the current price at 91.38, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for VNQ in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
82.79
3 important support areas can be observed.
We can see 2 important resistance 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 VNQ is up. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VNQ is neutral. |
ChartMill Relative Strength | 32.46 | NEUTRAL | VNQ is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | MIXED | The current price of VNQ is below the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VNQ is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of VNQ is above a declining SMA(200). |
Relative Strength Index/RSI (14) | 50.49 | NEUTRAL | The RSI value for VNQ is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests VNQ has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 31.34 | NEUTRAL | The Stochastics value for VNQ is a neutral value. |
Average True Range in percent/ATR (20) | 1.05 | LOW VOLATILITY | The low ATR as a percentage value for VNQ suggests low volalility. |
Average Directional Index/ADX (14) | 13.92 | NEGATIVE | The low ADX value for VNQ suggests a weak or negative trend. |
91.42
+0.37 (+0.41%)