Technical Analysis for GINN - Goldman Sachs Innovate Equity ETF

Grade Last Price % Change Price Change
B 54.94 1.26% 0.68
GINN closed up 1.26 percent on Friday, May 3, 2024, on 51 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Overbought Strength 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Crossed Above 20 DMA Bullish 1.26%
Gapped Up Strength 1.26%
20 DMA Resistance Bearish 3.28%

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Profile

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Solactive Innovative Global Equity Index. The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its index, in depositary receipts representing securities included in its index and in underlying stocks in respect of depositary receipts included in its index. The index is designed to deliver exposure to companies that may benefit from technological innovation and the resulting changes in the economy across five key themes that are potential drivers of changes in the economy.
Classification

Keywords: Exchange Traded Fund Index Fund Stock Market Index Depositary Receipt

Top 10 Components

Symbol Grade Price % Change Allocation
NVDA C 3.46 2.61
GOOGL A 0.37 2.38
AMZN A 0.81 2.06
MSFT C 2.22 1.95
AAPL C 5.98 1.80
META D 2.33 1.57
LLY D -2.77 1.02
BABA B 1.24 0.99
NVO D -0.78 0.89
TSLA D 0.66 0.81

Is GINN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 56.3299
52 Week Low 42.9915
Average Volume 8,094
200-Day Moving Average 50.43
50-Day Moving Average 54.61
20-Day Moving Average 53.67
10-Day Moving Average 53.63
Average True Range 0.74
RSI (14) 57.26
ADX 13.46
+DI 33.05
-DI 27.95
Chandelier Exit (Long, 3 ATRs) 53.73
Chandelier Exit (Short, 3 ATRs) 53.93
Upper Bollinger Bands 55.68
Lower Bollinger Band 51.65
Percent B (%b) 0.82
BandWidth 7.50
MACD Line -0.16
MACD Signal Line -0.35
MACD Histogram 0.1878
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 55.18
Resistance 3 (R3) 55.17 55.07 55.14
Resistance 2 (R2) 55.07 55.01 55.08 55.13
Resistance 1 (R1) 55.01 54.97 54.96 55.02 55.12
Pivot Point 54.91 54.91 54.88 54.92 54.91
Support 1 (S1) 54.85 54.85 54.80 54.86 54.77
Support 2 (S2) 54.75 54.81 54.76 54.76
Support 3 (S3) 54.69 54.75 54.74
Support 4 (S4) 54.70