Technical Analysis for GGM - GGM Macro Alignment ETF

Grade Last Price % Change Price Change
D 26.06 -0.27% -0.07
GGM closed down 0.27 percent on Thursday, April 18, 2024, on 0 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. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Down Down

Date Alert Name Type % Chg
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Centerline Cross Bearish -0.27%
180 Bearish Setup Bearish Swing Setup -0.27%
Narrow Range Bar Range Contraction -0.27%

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Profile

GGM Macro Alignment ETF Description

GGM is the first ETF offered by GGM. The fund aims to outperform the S&P 500 by constructing an equally-weighted portfolio that continually adapts to the evolving economic conditions of the US market. Holdings include ETFs that represent the GICS sectors and sub-sectors, equities of any size, and both growth and value investment styles, in addition to fixed income. In selecting, the fund emphasizes those with low expenses, minimal tracking err, and ample liquidity. Using a quantitative, rule-based process, the fund assesses key economic variables like growth rates and inflation expectations. On a quarterly basis, the fund chooses three sector ETFs and two style ETFs based on its anticipated economic outlook for the next quarter. Specifically, it selects those with the highest rolling back-tested return percentages. Due to active trading, the fund may experience a high portfolio turnover rate. Note that fixed-income exposure is only present during defensive positions.


Classification

Keywords: Exchange Traded Funds Investment Management Passive Management

Is GGM 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 27.421
52 Week Low 23.5524
Average Volume 1,194
200-Day Moving Average 0.00
50-Day Moving Average 26.69
20-Day Moving Average 26.80
10-Day Moving Average 26.68
Average True Range 0.19
RSI (14) 34.21
ADX 15.62
+DI 30.61
-DI 58.46
Chandelier Exit (Long, 3 ATRs) 26.85
Chandelier Exit (Short, 3 ATRs) 26.62
Upper Bollinger Bands 27.41
Lower Bollinger Band 26.20
Percent B (%b) -0.11
BandWidth 4.53
MACD Line -0.09
MACD Signal Line 0.02
MACD Histogram -0.1088
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 26.06
Resistance 3 (R3) 26.06 26.06 26.06
Resistance 2 (R2) 26.06 26.06 26.06 26.06
Resistance 1 (R1) 26.06 26.06 26.06 26.06 26.06
Pivot Point 26.06 26.06 26.06 26.06 26.06
Support 1 (S1) 26.06 26.06 26.06 26.06 26.06
Support 2 (S2) 26.06 26.06 26.06 26.06
Support 3 (S3) 26.06 26.06 26.06
Support 4 (S4) 26.06