We assign a technical rating of 1 out of 10 to EDUT. EDUT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, EDUT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.50, a Stop Loss order could be placed below this zone.
More info and screens
19.54
2 important support areas can be observed.
- A support zone ranging from 20.37 to 20.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.74 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 20.70 to 21.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 22.67 to 22.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for EDUT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EDUT is down. |
| ChartMill Relative Strength | 42.04 | NEUTRAL | EDUT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EDUT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EDUT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EDUT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.73 | NEUTRAL | The RSI value for EDUT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EDUT has a positive trend. |
| Stochastics (14,3) | 58.94 | NEUTRAL | The Stochastics value for EDUT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.87 | LOW VOLATILITY | The low ATR as a percentage value for EDUT suggests low volalility. |
| Average Directional Index/ADX (14) | 6.74 | NEGATIVE | The low ADX value for EDUT suggests a weak or negative trend. |
NASDAQ:EDUT (11/10/2023, 8:00:01 PM)
20.54
+0.09 (+0.42%)
Global X Education ETF / EDUT FAQ
What is the technical rating for EDUT stock?
ChartMill assigns a technical rating of 1 / 10 to EDUT.
What is the current trend direction of Global X Education ETF (EDUT) stock?
The current trend direction for Global X Education ETF (EDUT) is Bearish.
Can you provide the RSI signal for Global X Education ETF?
Global X Education ETF (EDUT) has an RSI value of 48.734. This indicates that the stock is currently neutral.
What is the MACD signal for EDUT stock?
The MACD indicator for Global X Education ETF (EDUT) has a value of 0.0311328, indicating a bearish trend.
What is the buy/sell signal for Global X Education ETF (EDUT) stock?
The buy/sell signal for Global X Education ETF (EDUT) is sell as both the short term and long term trends are negative.