DELTASHARES EM MGD RISK ETF (DMRE) Stock Technical Analysis
USA - NYSEARCA:DMRE - ETF
46.0966
-0.04 (-0.09%)
We assign a technical rating of 0 out of 10 to DMRE. DMRE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
71% of all other stocks performed better in the past year than DMRE.
DMRE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
DMRE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: DMRE has an average volume of 172 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month DMRE has a been trading in a tight range between 45.80 and 47.01.
The technical rating of DMRE is bad and it also does not present a quality setup 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
45.34
53.43
When analyzing the support we notice one important area.
- A support zone ranging from 45.80 to 46.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 46.34 to 47.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 48.46 to 49.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @50.28 from a trend line in the daily time frame.
- Resistance @51.75 from a horizontal line in the daily time frame.
- A resistance zone ranging from 52.72 to 52.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for DMRE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DMRE is down. |
| ChartMill Relative Strength | 29.87 | NEGATIVE | DMRE has a low relative strength, it was outperformed by 70.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DMRE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DMRE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DMRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.9 | NEUTRAL | The RSI value for DMRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests DMRE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 20.53 | NEUTRAL | The Stochastics value for DMRE is a neutral value. |
| Average True Range in percent/ATR (20) | 0.58 | LOW VOLATILITY | The low ATR as a percentage value for DMRE suggests low volalility. |
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:DMRE (4/7/2022, 8:17:14 PM)
46.0966
-0.04 (-0.09%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.09%
1 Week-0.75%
2 Weeks-0.76%
1 Month-1.51%
3 Month-10.56%
6 Month-15.06%
12 Month-22.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%0.58%
ATR Inc11.02%
Range Today0.07
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.87
Mansfield-1.66
10 Day High46.74
10 Day Low46.03
20 Day High47.01
20 Day Low45.8
52 Week High61.46
52 Week Low45.8
CS1 End46.05
CR1 Start46.34
Volume & EV
DER(3)0%
DER(5)0%
Volume1.90K
Volume Incr360%
Vol(5)460
Vol(50)172.06