INVESCO S&P MIDCAP MOMENTUM (XMMO) Stock Technical Analysis
NYSEARCA:XMMO - NYSE Arca - US46137V4648 - ETF - Currency: USD
Taking everything into account, XMMO scores 7 out of 10 in our technical rating. XMMO has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
XMMO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 124.83, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
106.32
When analyzing the support we can see 2 important areas.
- A support zone ranging from 123.97 to 124.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @107.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 125.42 to 127.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 XMMO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for XMMO is up. |
| ChartMill Relative Strength | 71.26 | POSITIVE | XMMO has a high relative strength, it outperformed 71.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of XMMO is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of XMMO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of XMMO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.06 | NEUTRAL | The RSI value for XMMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests XMMO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.25 | NEUTRAL | The Stochastics value for XMMO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for XMMO suggests low volalility. |
| Average Directional Index/ADX (14) | 10.81 | NEGATIVE | The low ADX value for XMMO 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 |
|---|---|---|---|
| 125.43 | 123.96 | 1.47 (1.17%) | 25.00% |
| An entry @125.43. This is a Buy Stop order right above the 10 day moving average. | An exit @123.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.47 points, which is 1.17%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.29%. |
- The distance between exit and entry is rather small compared to the average daily movement of XMMO. Please evaluate whether better entry and exit points can be found.
- 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.
125.15
+1.18 (+0.95%)