Technical Analysis for SGB3 - ETFS 3x Short GBP Long USD ETC

Grade Last Price % Change Price Change
A 54.79 -0.33% -0.18
SGB3 closed down 0.33 percent on Thursday, April 18, 2024, on 47 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 Up

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Gapped Down Weakness 0.00%
Stochastic Sell Signal Bearish -0.33%
Jack-in-the-Box Bullish Bullish Swing Setup -0.33%
Narrow Range Bar Range Contraction -0.33%
Inside Day Range Contraction -0.33%
Overbought Stochastic Strength -0.33%
Gapped Down Weakness -0.33%
180 Bullish Setup Bullish Swing Setup -0.64%

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ETFS 3x Short GBP Long USD ETC Description

ETFS 3x Short GBP Long USD (SGB3) is designed to provide investors with a 'leveraged short' exposure to Pounds Sterling ("GBP") relative to US Dollars ("USD") by tracking the MSFX Triple Short British Pound Index (TR) (the "Index"), which aims to reflect three times the performance of a position in forward contracts which are rolled on a daily basis. SGB3 is an exchange traded currency ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC obtains exposure to the Index by entering into unfunded swaps with a counterparty. There is no upfront cash payment by the Issuer to the counterparty when an unfunded swap is created. However, daily cash payments are made between the Issuer and the counterparty to reflect the movements in the value of the Index.


Classification

Keywords: Exchange Traded Funds ETF Swaps Dollar US Dollar Boost Etp Leverage Bp Counterparty B3

Is SGB3 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 59.885
52 Week Low 46.565
Average Volume 530
200-Day Moving Average 53.03
50-Day Moving Average 52.32
20-Day Moving Average 52.92
10-Day Moving Average 53.80
Average True Range 0.64
RSI (14) 64.41
ADX 22.21
+DI 46.57
-DI 22.41
Chandelier Exit (Long, 3 ATRs) 53.24
Chandelier Exit (Short, 3 ATRs) 52.38
Upper Bollinger Bands 55.47
Lower Bollinger Band 50.37
Percent B (%b) 0.87
BandWidth 9.64
MACD Line 0.82
MACD Signal Line 0.54
MACD Histogram 0.2791
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 54.93
Resistance 3 (R3) 54.91 54.85 54.90
Resistance 2 (R2) 54.85 54.82 54.86 54.89
Resistance 1 (R1) 54.82 54.79 54.84 54.84 54.89
Pivot Point 54.76 54.76 54.77 54.77 54.76
Support 1 (S1) 54.73 54.73 54.75 54.75 54.69
Support 2 (S2) 54.67 54.70 54.68 54.69
Support 3 (S3) 54.64 54.67 54.68
Support 4 (S4) 54.66