Taking everything into account, EEB scores 5 out of 10 in our technical rating. In the last year, EEB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- 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 long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- 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
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. |
NYSEARCA:EEB (2/14/2020, 8:17:25 PM)
39.2
+0.1 (+0.26%)
Guggenheim BRIC ETF / EEB FAQ
What is the ChartMill technical rating of Guggenheim BRIC ETF (EEB) stock?
ChartMill assigns a technical rating of 5 / 10 to EEB.
What is the trend direction for EEB stock?
The current trend direction for Guggenheim BRIC ETF (EEB) is Bearish.
What is the RSI signal for EEB stock?
Guggenheim BRIC ETF (EEB) has an RSI value of 51.3251. This indicates that the stock is currently neutral.
What is the short term momentum for EEB stock?
The short term momentum for Guggenheim BRIC ETF (EEB) is positive.
What are the support and resistance levels for Guggenheim BRIC ETF (EEB) stock?
Guggenheim BRIC ETF (EEB) has a support level at 38.99 and a resistance level at 41.08. Check the full technical report for our detailed analysis of EEB support and resistance levels.