Technical Analysis for NORW - Global X FTSE Norway 30 ETF

Grade Last Price % Change Price Change
D 25.03 -0.31% -0.08
NORW closed down 0.31 percent on Friday, November 1, 2024, on 13 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. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Down Down

Date Alert Name Type % Chg
Cup with Handle Other 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Hammer Candlestick Bullish -0.31%
Cup with Handle Other -0.31%
Gapped Down Weakness -0.31%

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Profile

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE Norway 30 Index. The fund invests 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 index is designed to reflect broad based equity market performance in Norway. The Adviser uses a "passive" or indexing approach to try to achieve the fund's investment objective. The fund is non-diversified.
Classification

Keywords: Index Fund Investment Management Passive Management

Top 10 Components

Symbol Grade Price % Change Allocation
FRO F -0.51 1.81
GOGL F 0.37 0.86
FLNG F -1.06 0.48

Is NORW 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 26.7067
52 Week Low 21.7591
Average Volume 5,062
200-Day Moving Average 24.84
50-Day Moving Average 25.57
20-Day Moving Average 25.51
10-Day Moving Average 25.35
Average True Range 0.33
RSI (14) 42.20
ADX 9.59
+DI 26.24
-DI 36.87
Chandelier Exit (Long, 3 ATRs) 25.24
Chandelier Exit (Short, 3 ATRs) 25.92
Upper Bollinger Bands 26.10
Lower Bollinger Band 24.92
Percent B (%b) 0.09
BandWidth 4.65
MACD Line -0.12
MACD Signal Line -0.07
MACD Histogram -0.047
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 25.17
Resistance 3 (R3) 25.15 25.09 25.14
Resistance 2 (R2) 25.09 25.06 25.10 25.14
Resistance 1 (R1) 25.06 25.04 25.08 25.07 25.13
Pivot Point 25.00 25.00 25.01 25.01 25.00
Support 1 (S1) 24.97 24.97 24.98 24.98 24.93
Support 2 (S2) 24.91 24.94 24.91 24.92
Support 3 (S3) 24.87 24.91 24.91
Support 4 (S4) 24.89