Taking everything into account, DEF scores 2 out of 10 in our technical rating. DEF 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.
DEF has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
65.30
When analyzing the support we notice one important area.
- A support zone ranging from 65.96 to 67.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 67.89 to 70.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @71.84 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 | NEUTRAL | NEUTRAL | The long term trend for DEF is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DEF is down. |
| ChartMill Relative Strength | 54.96 | NEUTRAL | DEF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DEF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DEF is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DEF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.84 | NEUTRAL | The RSI value for DEF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests DEF has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.97 | OVERSOLD | The low Stochastics value suggests DEF may be oversold. |
| Average True Range in percent/ATR (20) | 0.74 | LOW VOLATILITY | The low ATR as a percentage value for DEF suggests low volalility. |
| Average Directional Index/ADX (14) | 32.33 | POSITIVE | The high ADX value value for DEF suggests a strong trend. |
NYSEARCA:DEF (8/25/2023, 8:04:00 PM)
67.84
+0.35 (+0.52%)
INVESCO DEFENSIVE EQUITY ETF / DEF FAQ
What is the technical rating for DEF stock?
ChartMill assigns a technical rating of 2 / 10 to DEF.
What is the current trend direction of INVESCO DEFENSIVE EQUITY ETF (DEF) stock?
The current trend direction for INVESCO DEFENSIVE EQUITY ETF (DEF) is Bearish.
What is the RSI signal for DEF stock?
INVESCO DEFENSIVE EQUITY ETF (DEF) has an RSI value of 40.8364. This indicates that the stock is currently neutral.
What is the MACD signal for DEF stock?
The MACD indicator for INVESCO DEFENSIVE EQUITY ETF (DEF) has a value of -0.13416, indicating a bearish trend.
Can you provide the support and resistance levels for INVESCO DEFENSIVE EQUITY ETF?
INVESCO DEFENSIVE EQUITY ETF (DEF) has a support level at 67.5 and a resistance level at 67.89. Check the full technical report for our detailed analysis of DEF support and resistance levels.