DIR DA MS EM MA BUL 3X ETF-U (EDC) Technical Analysis
NYSEARCA:EDC • US25490K2814
Current stock price
EDC Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to EDC. In the last year, EDC was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that EDC is one of the better performing stocks in the market, outperforming 94% of all stocks. We also observe that the gains produced by EDC over the past year are nicely spread over this period.
- 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.
- In the last month EDC has a been trading in the 49.55 - 68.49 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EDC Weekly and Daily overview Charts
EDC Setup Rating and Analysis
Although EDC has an excellent technical rating, it does not present a decent entry opportunity 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
EDC Support and Resistance Analysis
50.57
2 important support areas can be observed.
- A support zone ranging from 65.74 to 67.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.08 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 67.16 to 67.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
EDC Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for EDC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EDC is up. |
| ChartMill Relative Strength | 94.63 | POSITIVE | EDC has a high relative strength, it outperformed 94.63% 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) | DOWN | MIXED | The current price of EDC is above a declining 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) | 58.59 | NEUTRAL | The RSI value for EDC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.8 | POSITIVE | The MACD value suggests EDC has a positive trend. |
| Stochastics (14,3) | 90.43 | OVERBOUGHT | The high Stochastics value suggests EDC may be overbought. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for EDC suggests high volalility. |
| Average Directional Index/ADX (14) | 22.7 | NEUTRAL | The ADX value for EDC suggests a possible start of a new trend. |
EDC Chart- and CandleStick Pattern Analysis
EDC Technicals: Chart, Performance Metrics, Trend & Indicators
67.15
+0.91 (+1.37%)
DIR DA MS EM MA BUL 3X ETF-U / EDC TA FAQ
Can you provide the ChartMill technical rating for DIR DA MS EM MA BUL 3X ETF-U?
ChartMill assigns a technical rating of 8 / 10 to EDC.
What is the trend direction for EDC stock?
The current trend direction for DIR DA MS EM MA BUL 3X ETF-U (EDC) is Bearish.
What is the RSI signal for EDC stock?
DIR DA MS EM MA BUL 3X ETF-U (EDC) has an RSI value of 58.5859. This indicates that the stock is currently neutral.
What are the support and resistance levels for DIR DA MS EM MA BUL 3X ETF-U (EDC) stock?
DIR DA MS EM MA BUL 3X ETF-U (EDC) has a support level at 67.14 and a resistance level at 67.16. Check the full technical report for our detailed analysis of EDC support and resistance levels.