We assign a technical rating of 6 out of 10 to SPFF. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SPFF is a bad performer.
SPFF has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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8.64
2 important support areas can be observed.
- A support zone ranging from 8.97 to 9.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.73 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.50 to 9.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SPFF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPFF is up. |
| ChartMill Relative Strength | 39.57 | NEUTRAL | SPFF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPFF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPFF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPFF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.28 | NEUTRAL | The RSI value for SPFF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SPFF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.64 | OVERBOUGHT | The high Stochastics value suggests SPFF may be overbought. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for SPFF suggests low volalility. |
| Average Directional Index/ADX (14) | 16.06 | NEGATIVE | The low ADX value for SPFF suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.53 | 9.16 | 0.37 (3.88%) | 25.00% |
| An entry @9.53. This is a Buy Stop order right above the resistance zone. | An exit @9.16. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.37 points, which is 3.88%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.4384
-0.05 (-0.54%)
GLOBAL X SUPERINCOME PREFER / SPFF FAQ
What is the ChartMill technical rating of GLOBAL X SUPERINCOME PREFER (SPFF) stock?
ChartMill assigns a technical rating of 6 / 10 to SPFF.
What is the current trend direction of GLOBAL X SUPERINCOME PREFER (SPFF) stock?
The current trend direction for GLOBAL X SUPERINCOME PREFER (SPFF) is Bullish.
What is the RSI signal for GLOBAL X SUPERINCOME PREFER (SPFF) stock?
GLOBAL X SUPERINCOME PREFER (SPFF) has an RSI value of 62.2836. This indicates that the stock is currently neutral.
What is the MACD signal for SPFF stock?
The MACD indicator for GLOBAL X SUPERINCOME PREFER (SPFF) has a value of 0.0326957, indicating a bearish trend.
What is the buy/sell signal for SPFF stock?
The buy/sell signal for GLOBAL X SUPERINCOME PREFER (SPFF) is buy as both the short term and long term trends are positive.