INVESCO DEFENSIVE EQUITY ETF (DEF) Technical Analysis
NYSEARCA:DEF • US46138J7752
Current stock price
DEF Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to DEF. 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.
- Warning: DEF has an average volume of 11350 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- DEF is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so DEF is lagging the market slightly.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When comparing the performance of all stocks over the past year, DEF turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
- In the last month DEF has a been trading in a tight range between 67.31 and 70.14.
DEF Weekly and Daily overview Charts
DEF Setup Rating and Analysis
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
DEF Support and Resistance Analysis
65.30
We found 1 important support 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.
DEF Technical Indicator Signal Analysis
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. |
DEF Chart- and CandleStick Pattern Analysis
DEF Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:DEF (8/25/2023, 8:04:00 PM)
67.84
+0.35 (+0.52%)
INVESCO DEFENSIVE EQUITY ETF / DEF TA 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 INVESCO DEFENSIVE EQUITY ETF (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 support and resistance level for DEF stock?
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.