ECOM Technical Analysis - EMERGE COMMERCE LTD

Technical Rating and Analysis

Overall ECOM gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ECOM has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, ECOM did better than 90% of all other stocks. We also observe that the gains produced by ECOM over the past year are nicely spread over this period.

ECOM is one of the better performing stocks in the IT Services industry, it outperforms 100% of 12 stocks in the same industry.

ECOM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month ECOM has a been trading in the 0.07 - 0.10 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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 offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.04

0.10

We found 4 important support areas.

A support zone ranging from 0.09 to 0.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 0.08 to 0.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @0.05 from a trend line in the weekly time frame.
Support @0.04 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

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	UP	POSITIVE	The short term trend for ECOM.CA is up.
ChartMill Relative Strength	90.99	POSITIVE	ECOM.CA has a high relative strength, it outperformed 90.99% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ECOM.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ECOM.CA is above 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)	67.76	NEUTRAL	The RSI value for ECOM.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ECOM.CA has a positive trend.
Stochastics (14,3)	80	NEUTRAL	The Stochastics value for ECOM.CA is a neutral value.
Average True Range in percent/ATR (20)	5	MEDIUM VOLATILITY	The ATR as a percentage value for ECOM.CA suggests some volalility.
Average Directional Index/ADX (14)	18.49	NEGATIVE	The low ADX value for ECOM.CA suggests a weak or negative trend.