Technical Analysis for NGE - Global X Nigeria Index ETF

Grade Last Price % Change Price Change
grade F 12.4 0.00% 0.00
NGE closed unchanged on Friday, August 16, 2019, on 56 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. The bears made the stock sink to a new 52-week low. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

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

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
NR7 Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
New 52 Week Closing Low Bearish 0.00%
Stochastic Buy Signal Bullish 0.00%
Lower Bollinger Band Walk Weakness 0.00%
New 52 Week Low Weakness 0.00%

Older signals for NGE ...

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Profile
The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Nigeria Index. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index is designed to reflect broad based equity market performance in Nigeria. The fund is non-diversified.
Exchange Traded Fund Index Fund
Is NGE a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 3 bearish and 2 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 19.37
52 Week Low 12.35
Average Volume 18,668
200-Day Moving Average 16.2147
50-Day Moving Average 14.1944
20-Day Moving Average 13.2877
10-Day Moving Average 12.9308
Average True Range 0.3267
ADX 14.15
+DI 16.9342
-DI 29.7481
Chandelier Exit (Long, 3 ATRs ) 13.2699
Chandelier Exit (Short, 3 ATRs ) 13.3301
Upper Bollinger Band 14.2001
Lower Bollinger Band 12.3753
Percent B (%b) 0.01
BandWidth 13.733001
MACD Line -0.4606
MACD Signal Line -0.4122
MACD Histogram -0.0484
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.52
Resistance 3 (R3) 12.52 12.47 12.50
Resistance 2 (R2) 12.47 12.44 12.48 12.49
Resistance 1 (R1) 12.44 12.42 12.46 12.44 12.49
Pivot Point 12.39 12.39 12.40 12.40 12.39
Support 1 (S1) 12.36 12.36 12.38 12.36 12.31
Support 2 (S2) 12.31 12.34 12.32 12.31
Support 3 (S3) 12.28 12.31 12.30
Support 4 (S4) 12.28