Technical Analysis for MGNR - American Beacon GLG Natural Resources ETF

Grade Last Price % Change Price Change
B 32.09 0.34% 0.11
MGNR closed up 0.34 percent on Wednesday, November 20, 2024, on 1.24 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions.
0 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish 0.00%
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Up 3 Days in a Row Strength 0.00%
Shooting Star Candlestick Bearish 0.34%
Lizard Bearish Bearish Day Trade Setup 0.34%
MACD Bullish Signal Line Cross Bullish 0.34%
Pocket Pivot Bullish Swing Setup 0.34%

   Recent Intraday Alerts

Alert Time
2x Volume Pace about 21 hours ago
1.5x Volume Pace about 21 hours ago
3x Volume Pace about 21 hours ago
1.5x Volume Pace 1 day ago
Bullish 180 Entry 2 days ago

Get a Trading Assistant

Let us help you stay on top of your investments. We will alert you to important technical developments on your portfolio & watchlist.

Profile

American Beacon GLG Natural Resources ETF Description

MGNR offers exposure to companies involved in various aspects of natural resources, including ownership, production, refining, processing, transportation, distribution, mining, exploration, storage, and related activities. In addition, it broadly defines natural resources, encompassing metals, agricultural products, timber, water, and energy from both fossil fuel and renewable sources, as well as chemicals. With a concentrated portfolio ranging from 30 to 60 global stocks, the fund primarily targets large and mid-cap stocks. The fund prioritizes firms with a track record of historical growth performance by combining top-down and bottom-up analyses, a commodities viewpoint with sub-sector selection, and bottom-up stock picking. Both growth and value investment styles are also incorporated. Holdings are divested based on changing market conditions, company performance, and valuation, aiming to optimize gains and minimize losses. The fund may invest in foreign currencies directly.


Classification

Keywords: Mining Chemical Agricultural Products Value Investing Renewable Resource

Top 10 Components

Symbol Grade Price % Change Allocation
TRGP A -0.36 4.65
SW A 4.78 3.70
AA A 0.31 3.51
PR B 2.18 3.48
FANG C 0.74 3.16
KNTK A 0.75 2.96
X C -1.31 2.75
CDE C -1.95 2.43
FLNC C 3.89 2.35
BRBR A 1.57 2.18

Is MGNR 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 33.7399
52 Week Low 23.9378
Average Volume 15,156
200-Day Moving Average 0.00
50-Day Moving Average 30.55
20-Day Moving Average 31.00
10-Day Moving Average 31.42
Average True Range 0.61
RSI (14) 64.29
ADX 14.94
+DI 45.87
-DI 17.57
Chandelier Exit (Long, 3 ATRs) 31.90
Chandelier Exit (Short, 3 ATRs) 31.90
Upper Bollinger Bands 32.20
Lower Bollinger Band 29.79
Percent B (%b) 0.95
BandWidth 7.77
MACD Line 0.34
MACD Signal Line 0.26
MACD Histogram 0.0738
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 32.26
Resistance 3 (R3) 32.25 32.20 32.23
Resistance 2 (R2) 32.20 32.15 32.20 32.22
Resistance 1 (R1) 32.14 32.13 32.17 32.15 32.21
Pivot Point 32.09 32.09 32.10 32.09 32.09
Support 1 (S1) 32.03 32.04 32.06 32.04 31.97
Support 2 (S2) 31.98 32.02 31.98 31.96
Support 3 (S3) 31.92 31.98 31.95
Support 4 (S4) 31.93