2EM Technical Analysis - ERGOMED PLC

Technical Rating and Analysis

Taking everything into account, 2EM scores 0 out of 10 in our technical rating. 2EM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, 2EM is a bad performer in the overall market: 94% of all stocks are doing better.

2EM is part of the Life Sciences Tools & Services industry. There are 17 other stocks in this industry, of which 81% are performing better than 2EM.

2EM is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so 2EM is lagging the market.

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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

10.88

15.80

We found 1 important support 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.

We can see 2 important resistance 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.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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.