DIR DLY MSCI EMG MKT BULL 3X (EDC) Stock Technical Analysis
USA - NYSEARCA:EDC - US25490K2814 - ETF
46.65 USD
-5.66 (-10.82%)
45.75 USD
-0.9 (-1.93%)
Overall EDC gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month EDC has a been trading in the 46.11 - 54.70 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
EDC 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 EDC is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that EDC is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although EDC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
34.55
47.45
3 important support areas can be observed.
- A support zone ranging from 46.17 to 46.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.23 to 45.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.90 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.66 to 46.98. 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 | UP | POSITIVE | The long term trend for EDC is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EDC is neutral. |
| ChartMill Relative Strength | 82.95 | POSITIVE | EDC has a high relative strength, it outperformed 82.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EDC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EDC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.8 | NEUTRAL | The RSI value for EDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests EDC has a negative trend. |
| Stochastics (14,3) | 53.46 | NEUTRAL | The Stochastics value for EDC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for EDC suggests some volalility. |
| Average Directional Index/ADX (14) | 33.6 | POSITIVE | The high ADX value value for EDC suggests a strong trend. |
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)
46.65
-5.66 (-10.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-10.82%
1 Week-12.53%
2 Weeks-4.97%
1 Month-3.46%
3 Month19.43%
6 Month80.81%
12 Month20.05%
2 Year106.97%
3 Year115.18%
5 Year-21.57%
10 Year-18.73%
15 Year-6.45%
Volatility
ATR(14)1.72
ATR(20)%3.44%
ATR Inc252.41%
Range Today6.44
ADR(20)1.39
ADR(20)%2.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.95
Mansfield2.17
10 Day High54.7
10 Day Low46.11
20 Day High54.7
20 Day Low46.11
52 Week High54.7
52 Week Low20.13
CS1 End46.64
CR1 Start46.66
Volume & EV
DER(3)-4.84%
DER(5)0.3%
Volume361.10K
Volume Incr76.34%
Vol(5)112.40K
Vol(50)79.62K