AVANTIS EMERGING MARKETS EQ (AVEM) Stock Technical Analysis
NYSEARCA:AVEM - NYSE Arca - US0250726041 - ETF - Currency: USD
Taking everything into account, AVEM scores 8 out of 10 in our technical rating. Although AVEM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
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 63.31 - 67.72 range, which is quite wide. It is currently trading near the high of this range.
AVEM has an average volume of 1084540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, AVEM did better than 71% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed 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
68.25
When analyzing the support we can see 2 important areas.
- A support zone ranging from 64.31 to 66.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.55 to 56.78. This zone is formed by a combination of multiple trend lines 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 | 71.07 | POSITIVE | AVEM has a high relative strength, it outperformed 71.07% 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) | 77.07 | OVERBOUGHT | The high RSI value suggests AVEM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests AVEM has a positive trend. |
| Stochastics (14,3) | 97.09 | OVERBOUGHT | The high Stochastics value suggests AVEM may be overbought. |
| Average True Range in percent/ATR (20) | 0.88 | LOW VOLATILITY | The low ATR as a percentage value for AVEM suggests low volalility. |
| Average Directional Index/ADX (14) | 32.24 | POSITIVE | The high ADX value value for AVEM 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)
67.57
+0.47 (+0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.7%
1 Week3.83%
2 Weeks3.97%
1 Month6.09%
3 Month9.91%
6 Month8.98%
12 Month10.43%
2 Year25.57%
3 Year29.87%
5 Year42.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.62
ATR(20)%0.88%
ATR Inc8.15%
Range Today0.51
ADR(20)0.46
ADR(20)%0.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.07
Mansfield0.44
10 Day High67.72
10 Day Low63.91
20 Day High67.72
20 Day Low63.31
52 Week High67.72
52 Week Low52.52
CS1 End66.49
CR1 StartN/A
Volume & EV
DER(3)0.06%
DER(5)-1.27%
Volume679.40K
Volume Incr-62.65%
Vol(5)514.24K
Vol(50)1.08M