Technical Analysis for GGM - GGM Macro Alignment ETF

Grade Last Price % Change Price Change
B 29.26 -1.61% -0.48
GGM closed down 1.61 percent on Thursday, November 14, 2024, on 18 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Fell Below 20 DMA Bearish 0.00%
Stochastic Sell Signal Bearish 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
Slingshot Bullish Bullish Swing Setup -1.61%
Narrow Range Bar Range Contraction -1.61%
Overbought Stochastic Strength -1.61%
Gapped Down Weakness -1.61%
New 52 Week Closing High Bullish -2.09%
Narrow Range Bar Range Contraction -2.09%

   Recent Intraday Alerts

Alert Time
Fell Below Previous Day's Low about 22 hours ago
Down 1% about 22 hours ago
Down 1 ATR about 22 hours ago
Fell Below Previous Day's Low 16 days ago
Fell Below 10 DMA 16 days ago

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Profile

GGM Macro Alignment ETF Description

GGM is the first ETF offered by GGM. The fund aims to outperform the S&P 500 by constructing an equally-weighted portfolio that continually adapts to the evolving economic conditions of the US market. Holdings include ETFs that represent the GICS sectors and sub-sectors, equities of any size, and both growth and value investment styles, in addition to fixed income. In selecting, the fund emphasizes those with low expenses, minimal tracking err, and ample liquidity. Using a quantitative, rule-based process, the fund assesses key economic variables like growth rates and inflation expectations. On a quarterly basis, the fund chooses three sector ETFs and two style ETFs based on its anticipated economic outlook for the next quarter. Specifically, it selects those with the highest rolling back-tested return percentages. Due to active trading, the fund may experience a high portfolio turnover rate. Note that fixed-income exposure is only present during defensive positions.


Classification

Keywords: Exchange Traded Funds Investment Management Passive Management

Is GGM 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 29.886
52 Week Low 23.5524
Average Volume 570
200-Day Moving Average 27.03
50-Day Moving Average 28.74
20-Day Moving Average 29.36
10-Day Moving Average 29.39
Average True Range 0.27
RSI (14) 50.74
ADX 12.11
+DI 44.04
-DI 45.52
Chandelier Exit (Long, 3 ATRs) 29.09
Chandelier Exit (Short, 3 ATRs) 29.46
Upper Bollinger Bands 29.96
Lower Bollinger Band 28.76
Percent B (%b) 0.42
BandWidth 4.09
MACD Line 0.19
MACD Signal Line 0.21
MACD Histogram -0.0251
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 29.50
Resistance 3 (R3) 29.53 29.47 29.46
Resistance 2 (R2) 29.47 29.41 29.46 29.45
Resistance 1 (R1) 29.37 29.37 29.34 29.34 29.43
Pivot Point 29.31 29.31 29.30 29.30 29.31
Support 1 (S1) 29.21 29.25 29.18 29.18 29.09
Support 2 (S2) 29.16 29.22 29.14 29.08
Support 3 (S3) 29.05 29.16 29.06
Support 4 (S4) 29.02