NYSEARCA:EDC - NYSE Arca - US25490K2814 - ETF - Currency: USD
We assign a technical rating of 9 out of 10 to EDC. Both in the recent history as in the last year, EDC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although EDC has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
24.50
4 important support areas can be observed.
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 | UP | POSITIVE | The short term trend for EDC is up. |
ChartMill Relative Strength | 89.96 | POSITIVE | EDC has a high relative strength, it outperformed 89.96% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EDC is above the rising 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) | 73.22 | OVERBOUGHT | The high RSI value suggests EDC may be overbought. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests EDC has a positive trend. |
Stochastics (14,3) | 92.21 | OVERBOUGHT | The high Stochastics value suggests EDC may be overbought. |
Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for EDC suggests some volalility. |
Average Directional Index/ADX (14) | 23.91 | NEUTRAL | The ADX value for EDC suggests a possible start of a new trend. |
43.05
+1.2 (+2.87%)