Europe - FRA:EDMJ - IE00BHZPJ452 - ETF
Overall EDMJ gets a technical rating of 8 out of 10. Although EDMJ is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, EDMJ also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 7.00. Right above this resistance zone may be a good entry point.
6.16
3 important support areas can be observed.
When analyzing the resistance we notice one important area.
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 EDMJ.DE is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EDMJ.DE is up. |
ChartMill Relative Strength | 62.4 | NEUTRAL | EDMJ.DE is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EDMJ.DE is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EDMJ.DE is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EDMJ.DE is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 56.81 | NEUTRAL | The RSI value for EDMJ.DE is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EDMJ.DE has a negative trend. |
Stochastics (14,3) | 87.45 | OVERBOUGHT | The high Stochastics value suggests EDMJ.DE may be overbought. |
Average True Range in percent/ATR (20) | 1.05 | LOW VOLATILITY | The low ATR as a percentage value for EDMJ.DE suggests low volalility. |
Average Directional Index/ADX (14) | 26.92 | POSITIVE | The high ADX value value for EDMJ.DE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
7.07 | 6.90 | 0.17 (2.40%) | 25.00% |
An entry @7.07. This is a Buy Stop order right above the resistance zone. | An exit @6.90. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.17 points, which is 2.40%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
FRA:EDMJ (9/19/2025, 7:00:00 PM)
6.992
-0.07 (-0.92%)