ECOM Technical Analysis - EMERGE COMMERCE LTD

Technical Rating and Analysis

Taking everything into account, ECOM scores 7 out of 10 in our technical rating. In the last year, ECOM was one of the better performers, but we do observe some doubts in the very recent evolution.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

ECOM is part of the IT Services industry. There are 13 other stocks in this industry. ECOM outperforms 91% of them.

ECOM 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 ECOM is lagging the market slightly.

When comparing the yearly performance of all stocks, we notice that ECOM is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.

In the last month ECOM has a been trading in the 0.08 - 0.10 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EMERGE COMMERCE LTD / ECOM Weekly stock chart

EMERGE COMMERCE LTD / ECOM Daily stock chart

Setup Rating and Analysis

Although ECOM has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.05

0.10

We found 1 important support area.

A support zone ranging from 0.05 to 0.05. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 0.09 to 0.09. 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 0.10 to 0.10. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for ECOM.CA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ECOM.CA is neutral.
ChartMill Relative Strength	90.36	POSITIVE	ECOM.CA has a high relative strength, it outperformed 90.36% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ECOM.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ECOM.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ECOM.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	46.11	NEUTRAL	The RSI value for ECOM.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests ECOM.CA has a negative trend.
Stochastics (14,3)	44.44	NEUTRAL	The Stochastics value for ECOM.CA is a neutral value.
Average True Range in percent/ATR (20)	6.47	HIGH VOLATILITY	The high ATR as a percentage value for ECOM.CA suggests high volalility.
Average Directional Index/ADX (14)	23.04	NEUTRAL	The ADX value for ECOM.CA suggests a possible start of a new trend.