MATTHEWS ASIA DIVIDEND ETF (ADVE) Stock Technical Analysis
NYSEARCA:ADVE - NYSE Arca - US5771305860 - ETF - Currency: USD
Overall ADVE gets a technical rating of 8 out of 10. Although ADVE is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: ADVE has an average volume of 531 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
ADVE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When compared to the yearly performance of all other stocks, ADVE outperforms 62% of them, which is more or less in line with the market.
In the last month ADVE has a been trading in a tight range between 34.66 and 36.16.
Considerably lower volume is observed in the last couple of days.
Although ADVE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
30.46
36.73
We found 3 important support areas.
- A support zone ranging from 35.66 to 35.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.75 to 34.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.77 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @36.37 from a trend line in the daily time frame.
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 | UP | POSITIVE | The long term trend for ADVE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADVE is up. |
| ChartMill Relative Strength | 62.69 | NEUTRAL | ADVE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADVE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ADVE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.54 | NEUTRAL | The RSI value for ADVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests ADVE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 94.64 | OVERBOUGHT | The high Stochastics value suggests ADVE may be overbought. |
| Average True Range in percent/ATR (20) | 0.47 | LOW VOLATILITY | The low ATR as a percentage value for ADVE suggests low volalility. |
| Average Directional Index/ADX (14) | 22.91 | NEUTRAL | The ADX value for ADVE suggests a possible start of a new 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)
NYSEARCA:ADVE (7/17/2025, 8:04:02 PM)
36.1469
+0.22 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.62%
1 Week1.16%
2 Weeks0.58%
1 Month3.33%
3 Month14.87%
6 Month14.1%
12 Month8.82%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%0.47%
ATR Inc7.53%
Range Today0.04
ADR(20)0.04
ADR(20)%0.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.69
Mansfield-0.1
10 Day High36.16
10 Day Low35.49
20 Day High36.16
20 Day Low34.66
52 Week High37.05
52 Week Low27.03
CS1 End35.8
CR1 Start36.37
Volume & EV
DER(3)0%
DER(5)0%
Volume500
Volume Incr-30.82%
Vol(5)235.2
Vol(50)531.52