Technical Analysis for GSEW - Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

Grade Last Price % Change Price Change
C 69.93 1.00% 0.69
GSEW closed up 1.0 percent on Tuesday, April 23, 2024, on 38 percent of normal volume. It ran into resistance at its 50 day moving average. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Flat Up

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Multiple of Ten Bearish Other 0.00%
Gapped Up Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Oversold Stochastic Weakness 0.00%
Gapped Up Strength 1.00%
Oversold Stochastic Weakness 1.00%
Volume Surge Other 1.77%
NR7 Range Contraction 1.77%

   Recent Intraday Alerts

Alert Time
50 DMA Resistance about 16 hours ago
Rose Above 50 DMA about 17 hours ago
Up 1 ATR about 20 hours ago
Gap Up Partially Closed about 21 hours ago
60 Minute Opening Range Breakout about 21 hours ago

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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 US Large Cap Equal Weight Index (GTR). The fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index. The index consists of equity securities of large capitalization U.S. issuers. The index is an equal-weight version of the Solactive US Large Cap Index, a market capitalization-weighted index that includes equity securities of approximately 500 of the largest U.S. companies.
Classification

Keywords: Index Fund Stock Market Index Capitalization Weighted Index Short Selling

Top 10 Components

Symbol Grade Price % Change Allocation
GE A 8.28 0.23
UAL A 0.17 0.23
FSLR A 2.17 0.23
LMT A -0.27 0.22
PANW C 4.19 0.22
NEE A 1.36 0.22
BG A -0.12 0.22
TSN A 0.61 0.22
COST C 1.01 0.22
DAL A 0.43 0.22

Is GSEW 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 72.97
52 Week Low 56.0816
Average Volume 40,999
200-Day Moving Average 63.70
50-Day Moving Average 70.08
20-Day Moving Average 70.79
10-Day Moving Average 69.57
Average True Range 0.74
RSI (14) 47.37
ADX 27.03
+DI 22.33
-DI 28.52
Chandelier Exit (Long, 3 ATRs) 70.76
Chandelier Exit (Short, 3 ATRs) 70.72
Upper Bollinger Bands 73.60
Lower Bollinger Band 67.97
Percent B (%b) 0.35
BandWidth 7.96
MACD Line -0.39
MACD Signal Line -0.10
MACD Histogram -0.2898
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 71.14
Resistance 3 (R3) 71.06 70.58 70.94
Resistance 2 (R2) 70.58 70.27 70.62 70.87
Resistance 1 (R1) 70.26 70.08 70.42 70.33 70.81
Pivot Point 69.77 69.77 69.85 69.81 69.77
Support 1 (S1) 69.45 69.46 69.61 69.53 69.05
Support 2 (S2) 68.96 69.27 69.00 68.99
Support 3 (S3) 68.64 68.96 68.92
Support 4 (S4) 68.72