Invesco BLDRS Emerging Markets 50 ADR Index Fund (ADRE) Stock Technical Analysis
NASDAQ:ADRE - US46090C3051 - ETF
38.2 USD
+0.06 (+0.16%)
Taking everything into account, ADRE scores 1 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
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.
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
36.54
44.33
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.
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Invesco BLDRS Emerging Markets 50 ADR Index Fund
NASDAQ:ADRE (3/30/2023, 8:00:00 PM)
38.2
+0.06 (+0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.16%
1 Week0.24%
2 Weeks-0.21%
1 Month-3.49%
3 Month2.14%
6 Month10.34%
12 Month-14.22%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%1.55%
ATR Inc-84.76%
Range Today0.13
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.09
Mansfield-0.34
10 Day High38.29
10 Day Low35.89
20 Day High40.4
20 Day Low35.89
52 Week High46.05
52 Week Low31.47
CS1 End38.16
CR1 Start38.31
Volume & EV
DER(3)-2.94%
DER(5)-2.77%
Volume109.50K
Volume Incr742.47%
Vol(5)83.32K
Vol(50)23.29K