EUROPEAN EQUITY FUND INC/THE (EEA) Stock Technical Analysis
NYSE:EEA - New York Stock Exchange, Inc. - US2987681028 - Currency: USD
We assign a technical rating of 8 out of 10 to EEA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EEA is only an average performer.
Warning: EEA has an average volume of 22312 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
EEA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so EEA is performing more or less in line with the market.
In the last month EEA has a been trading in the 9.27 - 9.98 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, EEA did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Volume is considerably higher in the last couple of days.
EEA has an excellent technical rating, but the quality of the setup is only medium 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
8.06
10.03
When analyzing the support we can see 6 important areas.
- A support zone ranging from 9.60 to 9.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @9.10 from a horizontal line in the daily time frame.
- Support @8.82 from a trend line in the weekly time frame.
- Support @8.58 from a horizontal line in the weekly time frame.
- A support zone ranging from 8.31 to 8.40. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @8.14 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.81 to 9.93. 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 | UP | POSITIVE | The long term trend for EEA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EEA is up. |
| ChartMill Relative Strength | 79.06 | POSITIVE | EEA has a high relative strength, it outperformed 79.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EEA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EEA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EEA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.01 | NEUTRAL | The RSI value for EEA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests EEA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.88 | NEUTRAL | The Stochastics value for EEA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for EEA suggests low volalility. |
| Average Directional Index/ADX (14) | 28.39 | POSITIVE | The high ADX value value for EEA suggests a strong 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)
NYSE:EEA (5/23/2025, 9:29:23 PM)
9.8
-0.12 (-1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.21%
1 Week0.87%
2 Weeks1.45%
1 Month4.7%
3 Month9.01%
6 Month16.81%
12 Month6.64%
2 Year18.36%
3 Year23.43%
5 Year22.04%
10 Year12.64%
15 Year74.38%
Volatility
ATR(14)0.15
ATR(20)%1.57%
ATR Inc65.75%
Range Today0.22
ADR(20)0.15
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.06
Mansfield0.71
10 Day High9.98
10 Day Low9.59
20 Day High9.98
20 Day Low9.27
52 Week High9.98
52 Week Low8.05
CS1 End9.75
CR1 Start9.81
Volume & EV
DER(3)0.41%
DER(5)2.13%
Volume47.80K
Volume Incr83.04%
Vol(5)37.88K
Vol(50)22.31K