Technical Analysis for NGE - Global X Nigeria Index ETF

Grade Last Price % Change Price Change
D 11.635 3.79% 0.43
NGE closed up 3.79 percent on Friday, March 5, 2021, on approximately normal volume. 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 EOD Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down
Historical NGE trend table...

Date Alert Name Type % Chg
Stochastic Buy Signal Bullish 0.00%
Calm After Storm Range Contraction 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Inside Day Range Contraction 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Wide Range Bar Range Expansion 3.79%
Below Lower BB Weakness 3.79%
Lower Bollinger Band Touch Weakness 3.79%
Oversold Stochastic Weakness 3.79%
Older End-of-Day 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.
Classification

Keywords: Exchange Traded Fund ETF 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

Indicators

Indicator Value
52 Week High 13.71
52 Week Low 7.86
Average Volume 22,951
200-Day Moving Average 10.51
50-Day Moving Average 12.19
20-Day Moving Average 12.14
10-Day Moving Average 11.82
Average True Range 0.35
ADX 15.53
+DI 14.29
-DI 32.26
Chandelier Exit (Long, 3 ATRs ) 11.94
Chandelier Exit (Short, 3 ATRs ) 12.06
Upper Bollinger Band 12.92
Lower Bollinger Band 11.36
Percent B (%b) 0.18
BandWidth 12.87
MACD Line -0.21
MACD Signal Line -0.12
MACD Histogram -0.0893
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.45
Resistance 3 (R3) 12.40 12.07 12.31
Resistance 2 (R2) 12.07 11.87 12.10 12.27
Resistance 1 (R1) 11.85 11.74 11.96 11.91 12.22
Pivot Point 11.53 11.53 11.59 11.56 11.53
Support 1 (S1) 11.31 11.33 11.42 11.36 11.05
Support 2 (S2) 10.99 11.20 11.02 11.00
Support 3 (S3) 10.77 10.99 10.96
Support 4 (S4) 10.82