Guggenheim BRIC ETF (EEB) Stock Technical Analysis
NYSEARCA:EEB - NYSE Arca -
Overall EEB gets a technical rating of 5 out of 10. EEB has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Warning: EEB has an average volume of 9903 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
EEB 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 EEB is lagging the market slightly.
In the last month EEB has a been trading in the 37.36 - 41.08 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.
When compared to the yearly performance of all other stocks, EEB outperforms 65% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
EEB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
33.48
41.62
4 important support areas can be observed.
- A support zone ranging from 38.76 to 38.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.59 to 37.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @35.09 from a trend line in the weekly time frame.
- A support zone ranging from 33.82 to 33.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.08 to 41.21. 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 | NEUTRAL | NEUTRAL | The long term trend for EEB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EEB is up. |
| ChartMill Relative Strength | 65.48 | NEUTRAL | EEB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EEB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of EEB is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EEB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.33 | NEUTRAL | The RSI value for EEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests EEB has a positive trend. |
| Stochastics (14,3) | 84.62 | OVERBOUGHT | The high Stochastics value suggests EEB may be overbought. |
| Average True Range in percent/ATR (20) | 1.66 | LOW VOLATILITY | The low ATR as a percentage value for EEB suggests low volalility. |
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)
NYSEARCA:EEB (2/14/2020, 8:17:25 PM)
39.2
+0.1 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.26%
1 Week2.22%
2 Weeks4.7%
1 Month-3.75%
3 Month4.7%
6 Month13.59%
12 Month10.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.6
ATR(20)%1.66%
ATR Inc-22.77%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.48
Mansfield-0.58
10 Day High39.36
10 Day Low37.59
20 Day High41.08
20 Day Low37.36
52 Week High41.21
52 Week Low33.79
CS1 End38.99
CR1 Start41.08
Volume & EV
DER(3)-5.31%
DER(5)-4.47%
Volume1.80K
Volume Incr240.8%
Vol(5)30.34K
Vol(50)9.90K