DIR DLY MSCI EMG MKT BULL 3X (EDC) Stock Technical Analysis
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.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by EDC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month EDC has a been trading in the 38.23 - 43.12 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that EDC is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
24.50
43.48
4 important support areas can be observed.
- Support @41.45 from a trend line in the daily time frame.
- A support zone ranging from 38.64 to 39.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.90 from a horizontal line in the daily time frame.
- Support @24.75 from a trend line in the weekly time frame.
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. |
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)
43.05
+1.2 (+2.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.87%
1 Week6.03%
2 Weeks9.96%
1 Month11.79%
3 Month49.38%
6 Month39.95%
12 Month36.06%
2 Year20.25%
3 Year17.98%
5 Year-22.97%
10 Year-41.54%
15 Year14.74%
Volatility
ATR(14)0.92
ATR(20)%2.02%
ATR Inc27.95%
Range Today0.62
ADR(20)0.68
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.96
Mansfield1.94
10 Day High43.12
10 Day Low38.91
20 Day High43.12
20 Day Low38.23
52 Week High43.12
52 Week Low20.13
CS1 End41.45
CR1 StartN/A
Volume & EV
DER(3)0.52%
DER(5)-0.88%
Volume199.80K
Volume Incr44.62%
Vol(5)106.74K
Vol(50)81.32K