Technical Analysis for IVES - Wedbush ETFMG Global Cloud Technology ETF

Grade Last Price % Change Price Change
B 49.21 0.74% 0.36
IVES closed up 0.74 percent on Friday, October 18, 2024, on 48 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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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
MACD Bearish Signal Line Cross Bearish 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Up Strength 0.00%
Overbought Stochastic Strength 0.00%
Hammer Candlestick Bullish 0.74%
Narrow Range Bar Range Contraction 0.74%
Doji - Bullish? Reversal 0.74%
Overbought Stochastic Strength 0.74%
Down 3 Days in a Row Weakness 0.74%
Down 4 Days in a Row Weakness 0.74%

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Wedbush ETFMG Global Cloud Technology ETF Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”


Classification

Keywords: Computing Cloud Computing Cloud Infrastructure Software As A Service Software Application Software Platform Storage Services Cloud Based Technology Cloud Technology Data Center Management

Top 10 Components

Symbol Grade Price % Change Allocation
SMCI F -10.51 2.50
NVDA B 1.99 2.47
MRVL A 5.82 2.43
TEAM A 18.99 2.41
GTLB A 5.93 2.40
CFLT A 0.19 2.39
VRT B -2.19 2.33
MU C 0.08 2.30
WDC C 0.87 2.29
MSFT D 0.99 2.25

Is IVES 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 50.0
52 Week Low 32.4846
Average Volume 1,131
200-Day Moving Average 45.20
50-Day Moving Average 46.95
20-Day Moving Average 48.45
10-Day Moving Average 49.16
Average True Range 0.72
RSI (14) 61.09
ADX 12.54
+DI 33.20
-DI 39.63
Chandelier Exit (Long, 3 ATRs) 47.83
Chandelier Exit (Short, 3 ATRs) 47.07
Upper Bollinger Bands 50.07
Lower Bollinger Band 46.83
Percent B (%b) 0.73
BandWidth 6.68
MACD Line 0.73
MACD Signal Line 0.74
MACD Histogram -0.008
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 49.32
Resistance 3 (R3) 49.34 49.31 49.31
Resistance 2 (R2) 49.31 49.28 49.31 49.30
Resistance 1 (R1) 49.26 49.26 49.29 49.25 49.29
Pivot Point 49.24 49.24 49.25 49.23 49.24
Support 1 (S1) 49.18 49.21 49.21 49.17 49.13
Support 2 (S2) 49.16 49.19 49.15 49.12
Support 3 (S3) 49.11 49.16 49.11
Support 4 (S4) 49.10