Technical Analysis for IVES - Wedbush ETFMG Global Cloud Technology ETF

Grade Last Price % Change Price Change
D 52.94 0.80% 0.42
IVES closed up 0.8 percent on Friday, February 26, 2021, on 88 percent of normal volume. 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.

Trend Table & Recent EOD Signals

ADX Long Term Intermediate Term Short Term
Strong Up Down Down
Historical IVES trend table...

Date Alert Name Type % Chg
Calm After Storm Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 50 DMA Bearish 0.80%
180 Bearish Setup Bearish Swing Setup 0.80%
50 DMA Support Bullish -3.98%
New Downtrend Bearish -3.20%
50 DMA Support Bullish -3.20%
Hammer Candlestick Bullish -3.20%
Volume Surge Other -3.20%
Older End-of-Day Signals for IVES ...

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Wedbush ETFMG Global Cloud Technology ETF Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”


Classification

Keywords: Computing Cloud Computing Software As A Service Cloud Infrastructure Software Applications Storage Services Software Platform Software Platforms Cloud Based Technology Cloud Technology Data Center Management

Top 10 Components

Symbol Grade Price % Change Allocation
KC C 2.47 5.59
GDS D 0.33 4.60
ESTC F 2.15 4.31
MDB B 1.56 3.90
OTEX D -1.20 3.70
COUP B 2.94 3.09
CD A 13.87 3.01
NET D 3.14 2.96
ZEN D 1.49 2.91
DDOG D 0.43 2.88
View All IVES Holdings

Is IVES 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 60.0
52 Week Low 28.25
Average Volume 4,890
200-Day Moving Average 44.86
50-Day Moving Average 54.15
20-Day Moving Average 56.68
10-Day Moving Average 56.28
Average True Range 1.37
ADX 36.28
+DI 22.30
-DI 38.91
Chandelier Exit (Long, 3 ATRs ) 55.90
Chandelier Exit (Short, 3 ATRs ) 56.20
Upper Bollinger Band 61.07
Lower Bollinger Band 52.29
Percent B (%b) 0.07
BandWidth 15.49
MACD Line 0.10
MACD Signal Line 0.94
MACD Histogram -0.8399
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 54.32
Resistance 3 (R3) 54.27 53.76 54.09
Resistance 2 (R2) 53.76 53.41 53.79 54.01
Resistance 1 (R1) 53.35 53.19 53.56 53.40 53.94
Pivot Point 52.84 52.84 52.94 52.87 52.84
Support 1 (S1) 52.43 52.49 52.64 52.48 51.94
Support 2 (S2) 51.92 52.27 51.95 51.87
Support 3 (S3) 51.51 51.92 51.79
Support 4 (S4) 51.56