DIR DLY MSCI EMG MKT BEAR 3X (EDZ) Stock Technical Analysis
NYSEARCA:EDZ - NYSE Arca - US25460E5472 - ETF - Currency: USD
Taking everything into account, EDZ scores 0 out of 10 in our technical rating. EDZ's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, EDZ is a bad performer in the overall market: 95% of all stocks are doing better.
EDZ is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month EDZ has a been trading in the 4.87 - 5.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
EDZ has a poor technical rating and the quality of the setup is also not perfect 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
5.03
10.09
We can see 7 important resistance areas.
- A resistance zone ranging from 5.09 to 5.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.33 from a trend line in the daily time frame.
- A resistance zone ranging from 5.46 to 5.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.40 from a trend line in the weekly time frame.
- Resistance @8.93 from a trend line in the weekly time frame.
- Resistance @9.73 from a horizontal line in the weekly time frame.
- Resistance @9.99 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for EDZ is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EDZ is down. |
| ChartMill Relative Strength | 5.35 | NEGATIVE | EDZ has a low relative strength, it was outperformed by 94.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EDZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EDZ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EDZ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.19 | NEUTRAL | The RSI value for EDZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests EDZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 34.87 | NEUTRAL | The Stochastics value for EDZ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for EDZ suggests some volalility. |
| Average Directional Index/ADX (14) | 17.39 | NEGATIVE | The low ADX value for EDZ suggests a weak or negative 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)
5.08
+0.03 (+0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.59%
1 Week-6.96%
2 Weeks1.4%
1 Month-6.1%
3 Month-26.48%
6 Month-39.38%
12 Month-47.3%
2 Year-59.49%
3 Year-64.38%
5 Year-71.79%
10 Year-89.37%
15 Year-97.35%
Volatility
ATR(14)0.12
ATR(20)%2.5%
ATR Inc-10.52%
Range Today0.05
ADR(20)0.09
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS5.35
Mansfield-3.92
10 Day High5.52
10 Day Low4.99
20 Day High5.52
20 Day Low4.87
52 Week High11.59
52 Week Low4.87
CS1 EndN/A
CR1 Start5.09
Volume & EV
DER(3)3.41%
DER(5)6.02%
Volume144.20K
Volume Incr-67.24%
Vol(5)154.02K
Vol(50)395.83K