AVANTIS EMERGING MARKETS EQ (AVEM) Stock Technical Analysis
USA - NYSEARCA:AVEM - US0250726041 - ETF
75.24 USD
+0.44 (+0.59%)
75.24 USD
0 (0%)
We assign a technical rating of 10 out of 10 to AVEM. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AVEM is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, AVEM did better than 76% of all other stocks. On top of that, AVEM also shows a nice and consistent pattern of rising prices.
AVEM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month AVEM has a been trading in the 70.34 - 75.30 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although AVEM 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
55.98
75.99
When analyzing the support we can see 5 important areas.
- A support zone ranging from 72.28 to 73.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 70.77 to 70.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.54 to 68.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.73 from a trend line in the weekly time frame.
- Support @56.55 from a horizontal line in the weekly 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 AVEM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVEM is up. |
| ChartMill Relative Strength | 76.6 | POSITIVE | AVEM has a high relative strength, it outperformed 76.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVEM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVEM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVEM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 75.94 | OVERBOUGHT | The high RSI value suggests AVEM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests AVEM has a positive trend. |
| Stochastics (14,3) | 97.49 | OVERBOUGHT | The high Stochastics value suggests AVEM may be overbought. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for AVEM suggests low volalility. |
| Average Directional Index/ADX (14) | 21.84 | NEUTRAL | The ADX value for AVEM 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)
75.24
+0.44 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.59%
1 Week2.98%
2 Weeks6.14%
1 Month4.98%
3 Month13.26%
6 Month22.06%
12 Month21.89%
2 Year42.53%
3 Year63.81%
5 Year45.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%0.87%
ATR Inc-20.24%
Range Today0.39
ADR(20)0.44
ADR(20)%0.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.6
Mansfield0.61
10 Day High75.3
10 Day Low70.69
20 Day High75.3
20 Day Low70.34
52 Week High75.3
52 Week Low52.52
CS1 End73.28
CR1 StartN/A
Volume & EV
DER(3)4.66%
DER(5)2.66%
Volume4.18M
Volume Incr209.08%
Vol(5)1.88M
Vol(50)825.83K