Technical Analysis for NGE - Global X Nigeria Index ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
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.
| 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% |
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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
Exchange Traded Fund Index Fund
| 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 |
