Invesco BLDRS Emerging Markets 50 ADR Index Fund (ADRE) Technical Analysis
NASDAQ:ADRE • US46090C3051
Current stock price
ADRE Technical Rating and Analysis
Overall ADRE gets a technical rating of 1 out of 10. ADRE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- ADRE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Warning: ADRE has an average volume of 23288 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- When comparing the performance of all stocks over the past year, ADRE turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
- ADRE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ADRE is lagging the market.
ADRE Weekly and Daily overview Charts
ADRE Setup Rating and Analysis
Although the technical rating is bad, ADRE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 38.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 38.16, a Stop Loss order could be placed below this zone.
More info and screens
ADRE Support and Resistance Analysis
36.54
When analyzing the support we can see 2 important areas.
- A support zone ranging from 37.67 to 38.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @36.91 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 38.31 to 38.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @41.82 from a trend line in the weekly time frame.
- A resistance zone ranging from 43.33 to 43.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
ADRE 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 ADRE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ADRE is down. |
| ChartMill Relative Strength | 48.09 | NEUTRAL | ADRE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ADRE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ADRE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.86 | NEUTRAL | The RSI value for ADRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests ADRE has a positive trend. |
| Stochastics (14,3) | 80.97 | OVERBOUGHT | The high Stochastics value suggests ADRE may be overbought. |
| Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for ADRE suggests low volalility. |
| Average Directional Index/ADX (14) | 32.45 | POSITIVE | The high ADX value value for ADRE suggests a strong trend. |
ADRE Chart- and CandleStick Pattern Analysis
ADRE Technicals: Chart, Performance Metrics, Trend & Indicators
Invesco BLDRS Emerging Markets 50 ADR Index Fund
NASDAQ:ADRE (3/30/2023, 8:00:00 PM)
38.2
+0.06 (+0.16%)
Invesco BLDRS Emerging Markets 50 ADR Index Fund / ADRE TA FAQ
What is the technical rating for ADRE stock?
ChartMill assigns a technical rating of 1 / 10 to ADRE.
What is the trend direction for ADRE stock?
The current trend direction for Invesco BLDRS Emerging Markets 50 ADR Index Fund (ADRE) is Bearish.
What is the RSI signal for ADRE stock?
Invesco BLDRS Emerging Markets 50 ADR Index Fund (ADRE) has an RSI value of 40.8639. This indicates that the stock is currently neutral.
What is the MACD signal for ADRE stock?
The MACD indicator for Invesco BLDRS Emerging Markets 50 ADR Index Fund (ADRE) has a value of 0.0939274, indicating a bearish trend.
What is the buy/sell signal for ADRE stock?
The buy/sell signal for Invesco BLDRS Emerging Markets 50 ADR Index Fund (ADRE) is sell as both the short term and long term trends are negative.