Taking everything into account, EDC scores 10 out of 10 in our technical rating. 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.
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
47.96
3 important support areas can be observed.
- A support zone ranging from 52.44 to 54.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.40 from a trend line in the daily time frame.
- Support @48.44 from a horizontal line in the daily 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 | 94.58 | POSITIVE | EDC has a high relative strength, it outperformed 94.58% 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) | 70.46 | OVERBOUGHT | The high RSI value suggests EDC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests EDC has a positive trend. |
| Stochastics (14,3) | 94.18 | OVERBOUGHT | The high Stochastics value suggests EDC may be overbought. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for EDC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.97 | NEGATIVE | The low ADX value for EDC suggests a weak or negative trend. |
58.99
+4.43 (+8.12%)
DIR DLY MSCI EMG MKT BULL 3X / EDC FAQ
Can you provide the ChartMill technical rating for DIR DLY MSCI EMG MKT BULL 3X?
ChartMill assigns a technical rating of 10 / 10 to EDC.
What is the trend direction for EDC stock?
The current trend direction for DIR DLY MSCI EMG MKT BULL 3X (EDC) is Bullish.
Can you provide the RSI signal for DIR DLY MSCI EMG MKT BULL 3X?
DIR DLY MSCI EMG MKT BULL 3X (EDC) has an RSI value of 70.4558. This indicates that the stock is currently overbought.
What is the MACD signal for EDC stock?
The MACD indicator for DIR DLY MSCI EMG MKT BULL 3X (EDC) has a value of 0.663221, indicating a bearish trend.
What is the buy/sell signal for DIR DLY MSCI EMG MKT BULL 3X (EDC) stock?
The buy/sell signal for DIR DLY MSCI EMG MKT BULL 3X (EDC) is buy as both the short term and long term trends are positive.