Technical Analysis for ITEQ - BlueStar TA-BIGITech Israel Technology ETF

Grade Last Price % Change Price Change
grade A 38.6775 -0.44% -0.17
ITEQ closed down 0.44 percent on Friday, May 17, 2019, on approximately normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Up Up Up
See historical ITEQ trend table...

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Doji - Bearish? Reversal 0.00%
New 52 Week High Strength 0.00%
Stochastic Reached Overbought Strength 0.00%
BB Squeeze Started Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
New 52 Week High Strength -0.44%
Up 3 Days in a Row Strength -0.44%

Older signals for ITEQ ...

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Profile
The investment seeks to provide investment results that correspond generally to the total return performance of the TASE-BlueStar Israel Global Technology Index™ ("TA-BIGITech™"). The fund will invest at least 80% of its total assets in the component securities of the index and in depositary receipts representing such securities. As a result, normally the fund will invest at least 80% of its total assets in Israeli technology companies. TA-BIGITech™ was created in 2013 by BlueStar Global Investors LLC d/b/a BlueStar Indexes® and the ISE and tracks the performance of exchange-listed Israeli technology operating companies. It is non-diversified.
Is ITEQ a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 3 bullish, 0 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 38.97
52 Week Low 29.595
Average Volume 11,145
200-Day Moving Average 35.1939
50-Day Moving Average 37.757
20-Day Moving Average 38.3998
10-Day Moving Average 38.3897
Average True Range 0.4885
ADX 9.95
+DI 28.4448
-DI 23.7611
Chandelier Exit (Long, 3 ATRs ) 37.5045
Chandelier Exit (Short, 3 ATRs ) 38.8155
Upper Bollinger Band 39.0961
Lower Bollinger Band 37.7035
Percent B (%b) 0.7
BandWidth 3.626581
MACD Line 0.1842
MACD Signal Line 0.2178
MACD Histogram -0.0336
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 39.17
Resistance 3 (R3) 39.22 39.09 39.09
Resistance 2 (R2) 39.09 38.97 39.07 39.06
Resistance 1 (R1) 38.89 38.89 38.99 38.84 39.03
Pivot Point 38.76 38.76 38.81 38.74 38.76
Support 1 (S1) 38.56 38.64 38.66 38.51 38.32
Support 2 (S2) 38.43 38.56 38.41 38.29
Support 3 (S3) 38.23 38.43 38.27
Support 4 (S4) 38.18