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. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EDC is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
EDC 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.
Looking at the yearly performance, EDC did better than 89% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month EDC has a been trading in the 38.39 - 43.12 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although EDC 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.
More info and screens
24.50
41.72
3 important support areas can be observed.
- A support zone ranging from 38.64 to 39.24. 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 | 89.38 | POSITIVE | EDC has a high relative strength, it outperformed 89.38% 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) | 64.7 | NEUTRAL | The RSI value for EDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests EDC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.88 | OVERBOUGHT | The high Stochastics value suggests EDC may be overbought. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for EDC suggests some volalility. |
| Average Directional Index/ADX (14) | 24.22 | 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)
41.31
-0.68 (-1.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.62%
1 Week2.64%
2 Weeks7.5%
1 Month6.74%
3 Month45.7%
6 Month36.51%
12 Month32.71%
2 Year17.29%
3 Year15.07%
5 Year-24.87%
10 Year-42.98%
15 Year11.91%
Volatility
ATR(14)0.86
ATR(20)%2.12%
ATR Inc-5.93%
Range Today0.1
ADR(20)0.68
ADR(20)%1.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.38
Mansfield1.6
10 Day High43.12
10 Day Low39
20 Day High43.12
20 Day Low38.39
52 Week High43.12
52 Week Low20.13
CS1 End39.24
CR1 StartN/A
Volume & EV
DER(3)1.13%
DER(5)1.9%
Volume11.48K
Volume Incr50.08%
Vol(5)101.98K
Vol(50)80.43K