SPDR Solactive United Kingdom ETF (ZGBR) Stock Technical Analysis
USA - NYSEARCA:ZGBR -
Taking everything into account, ZGBR scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ZGBR is only an average performer.
Besides having an excellent technical rating, ZGBR also presents a decent setup pattern. 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 resistance zone just above the current price starting at 49.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 48.81, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ZGBR in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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36.87
When analyzing the support we can see 6 important areas.
- A support zone ranging from 46.70 to 48.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.09 to 45.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.48 from a trend line in the weekly time frame.
- Support @40.60 from a horizontal line in the daily time frame.
- Support @38.82 from a horizontal line in the daily time frame.
- Support @37.24 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 49.04 to 49.41. 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 ZGBR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ZGBR is up. |
| ChartMill Relative Strength | 49.26 | NEUTRAL | ZGBR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ZGBR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ZGBR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ZGBR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.88 | NEUTRAL | The RSI value for ZGBR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ZGBR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.44 | OVERBOUGHT | The high Stochastics value suggests ZGBR may be overbought. |
| Average True Range in percent/ATR (20) | 1.23 | LOW VOLATILITY | The low ATR as a percentage value for ZGBR suggests low volalility. |
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 |
|---|---|---|---|
| 49.42 | 47.74 | 1.68 (3.41%) | 25.00% |
| An entry @49.42. This is a Buy Stop order right above the resistance zone. | An exit @47.73. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.68 points, which is 3.41%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
SPDR Solactive United Kingdom ETF
NYSEARCA:ZGBR (3/17/2021, 8:04:00 PM)
48.8226
-0.51 (-1.03%)