Technical Analysis for MGNR - American Beacon GLG Natural Resources ETF

Grade Last Price % Change Price Change
C 31.42 2.00% 0.62
MGNR closed up 2.0 percent on Friday, May 24, 2024, on 10 percent of normal volume.
0 Watchers
Watchlist Portfolio

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong N/A N/A Flat

Date Alert Name Type % Chg
Gapped Up Strength 0.00%
Down 3 Days in a Row Weakness 2.00%
Weak + Overbought Other 0.79%
Overbought Stochastic Strength 0.79%
Gapped Down Weakness 0.79%
New 52 Week High Strength -1.87%
Overbought Stochastic Strength -1.87%
Gapped Down Weakness -1.87%
New 52 Week Closing High Bullish -2.13%
Narrow Range Bar Range Contraction -2.13%

   Recent Intraday Alerts

Get this analysis on your stocks daily!

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
AR B -0.69 4.60
PR B 1.09 4.30
AA B 1.44 3.95
TRGP B 0.38 3.93
FCX B 0.64 3.28
TROX B 3.60 3.19

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 32.1987
52 Week Low 24.0337
Average Volume 32,815
200-Day Moving Average 0.00
50-Day Moving Average 0.00
20-Day Moving Average 30.78
10-Day Moving Average 31.36
Average True Range 0.53
RSI (14) 63.77
ADX 47.39
+DI 47.97
-DI 23.88
Chandelier Exit (Long, 3 ATRs) 30.60
Chandelier Exit (Short, 3 ATRs) 30.60
Upper Bollinger Bands 32.32
Lower Bollinger Band 29.25
Percent B (%b) 0.71
BandWidth 9.97
MACD Line 0.80
MACD Signal Line 0.91
MACD Histogram -0.1034
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 32.15
Resistance 3 (R3) 32.14 31.89 32.02
Resistance 2 (R2) 31.89 31.70 31.89 31.98
Resistance 1 (R1) 31.65 31.59 31.77 31.66 31.94
Pivot Point 31.41 31.41 31.46 31.41 31.41
Support 1 (S1) 31.17 31.22 31.29 31.18 30.90
Support 2 (S2) 30.92 31.11 30.93 30.86
Support 3 (S3) 30.69 30.92 30.82
Support 4 (S4) 30.69