Technical Analysis for MGNR - American Beacon GLG Natural Resources ETF

Grade Last Price % Change Price Change
A 30.29 1.90% 0.57
MGNR closed up 1.9 percent on Friday, April 26, 2024, on 15 percent of 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.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
New 52 Week Closing High Bullish 0.00%
New 52 Week High Strength 0.00%
Gapped Up Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%
Up 5 Days in a Row Strength 0.00%
New 52 Week Closing High Bullish 1.90%
180 Bullish Setup Bullish Swing Setup 1.90%
Gapped Up Strength 1.90%

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Profile

American Beacon GLG Natural Resources ETF Description

MGNR offers exposure to companies involved in various aspects of natural resources, including ownership, production, refining, processing, transportation, distribution, mining, exploration, storage, and related activities. In addition, it broadly defines natural resources, encompassing metals, agricultural products, timber, water, and energy from both fossil fuel and renewable sources, as well as chemicals. With a concentrated portfolio ranging from 30 to 60 global stocks, the fund primarily targets large and mid-cap stocks. The fund prioritizes firms with a track record of historical growth performance by combining top-down and bottom-up analyses, a commodities viewpoint with sub-sector selection, and bottom-up stock picking. Both growth and value investment styles are also incorporated. Holdings are divested based on changing market conditions, company performance, and valuation, aiming to optimize gains and minimize losses. The fund may invest in foreign currencies directly.


Classification

Keywords: Mining Chemical Agricultural Products Value Investing Renewable Resource

Top 10 Components

Symbol Grade Price % Change Allocation
PR A 0.29 4.67
TRGP A -0.70 3.97
FCX A 2.23 3.65
AR A 1.23 3.52
APD C 0.43 3.25
OVV A 0.23 3.19
FANG A 0.32 3.13

Is MGNR 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 30.84
52 Week Low 24.0337
Average Volume 37,778
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 28.21
10-Day Moving Average 29.08
Average True Range 0.63
RSI (14) 88.01
ADX 0.0
+DI 65.61
-DI 13.83
Chandelier Exit (Long, 3 ATRs) 28.96
Chandelier Exit (Short, 3 ATRs) 25.91
Upper Bollinger Bands 32.22
Lower Bollinger Band 24.21
Percent B (%b) 0.76
BandWidth 28.39
MACD Line 0.84
MACD Signal Line 0.52
MACD Histogram 0.323
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 31.41
Resistance 3 (R3) 31.47 31.16 31.23
Resistance 2 (R2) 31.16 30.87 31.13 31.17
Resistance 1 (R1) 30.72 30.69 30.94 30.67 31.10
Pivot Point 30.41 30.41 30.52 30.38 30.41
Support 1 (S1) 29.98 30.12 30.19 29.92 29.48
Support 2 (S2) 29.66 29.95 29.63 29.42
Support 3 (S3) 29.23 29.66 29.36
Support 4 (S4) 29.17