ERGOMED PLC (2EM.DE) Stock Technical Analysis
FRA:2EM • GB00BN7ZCY67
We assign a technical rating of 0 out of 10 to 2EM. 2EM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 94% of all other stocks performed better in the past year than 2EM.
- 2EM is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 88% of 18 stocks in the same industry do better.
- 2EM is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month 2EM has a been trading in the 11.00 - 14.42 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: 2EM has an average volume of 394 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Volume is considerably higher in the last couple of days.
2EM has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
10.88
When analyzing the support we notice one important area.
- A support zone ranging from 10.99 to 10.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @11.43 from a horizontal line in the daily time frame.
- A resistance zone ranging from 15.54 to 15.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for 2EM.DE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for 2EM.DE is down. |
| ChartMill Relative Strength | 6.63 | NEGATIVE | 2EM.DE has a low relative strength, it was outperformed by 93.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of 2EM.DE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of 2EM.DE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of 2EM.DE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.53 | NEUTRAL | The RSI value for 2EM.DE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests 2EM.DE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 4.64 | OVERSOLD | The low Stochastics value suggests 2EM.DE may be oversold. |
| Average True Range in percent/ATR (20) | 4.22 | MEDIUM VOLATILITY | The ATR as a percentage value for 2EM.DE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.48 | NEUTRAL | The ADX value for 2EM.DE suggests a possible start of a new trend. |
FRA:2EM (3/31/2023, 7:00:00 PM)
11
-0.42 (-3.68%)
ERGOMED PLC / 2EM.DE FAQ
Can you provide the ChartMill technical rating for ERGOMED PLC?
ChartMill assigns a technical rating of 0 / 10 to 2EM.DE.
What is the trend direction for 2EM stock?
The current trend direction for ERGOMED PLC (2EM.DE) is Bearish.
Can you provide the RSI signal for ERGOMED PLC?
ERGOMED PLC (2EM.DE) has an RSI value of 32.5257. This indicates that the stock is currently neutral.
What is the MACD signal for ERGOMED PLC (2EM.DE) stock?
The MACD indicator for ERGOMED PLC (2EM.DE) has a value of -0.173813, indicating a bearish trend.
What is the short term momentum for 2EM stock?
The short term momentum for ERGOMED PLC (2EM.DE) is negative.