Technical Analysis for MGNR - American Beacon GLG Natural Resources ETF

Grade Last Price % Change Price Change
C 30.53 2.60% 0.77
MGNR closed up 2.6 percent on Wednesday, July 3, 2024, on 11 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. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Crossed Above 20 DMA Bullish 0.00%
Crossed Above 50 DMA Bullish 0.00%
MACD Bullish Signal Line Cross Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Gapped Up Strength 0.00%
Gapped Up Strength 2.60%
Narrow Range Bar Range Contraction 3.34%
Down 3 Days in a Row Weakness 3.34%
Down 4 Days in a Row Weakness 3.34%

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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
AA B 3.80 4.62
FSLR C 6.63 4.49
AR C 1.34 4.48
PR C 2.88 3.91
TRGP A 1.98 3.78
TROX D 3.15 3.45

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 32.6522
52 Week Low 23.9912
Average Volume 25,153
200-Day Moving Average 0.00
50-Day Moving Average 30.39
20-Day Moving Average 29.93
10-Day Moving Average 29.84
Average True Range 0.53
RSI (14) 55.95
ADX 20.02
+DI 45.52
-DI 25.96
Chandelier Exit (Long, 3 ATRs) 29.93
Chandelier Exit (Short, 3 ATRs) 30.58
Upper Bollinger Bands 30.75
Lower Bollinger Band 29.12
Percent B (%b) 0.87
BandWidth 5.44
MACD Line -0.13
MACD Signal Line -0.15
MACD Histogram 0.0272
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 30.61
Resistance 3 (R3) 30.60 30.56 30.59
Resistance 2 (R2) 30.56 30.54 30.57 30.59
Resistance 1 (R1) 30.55 30.53 30.56 30.56 30.58
Pivot Point 30.51 30.51 30.52 30.52 30.51
Support 1 (S1) 30.50 30.49 30.51 30.51 30.48
Support 2 (S2) 30.46 30.48 30.47 30.47
Support 3 (S3) 30.45 30.46 30.47
Support 4 (S4) 30.45