Guggenheim BRIC ETF (EEB) Technical Analysis
NYSEARCA:EEB
Current stock price
39.2
+0.1 (+0.26%)
Last:
EEB Technical Rating and Analysis
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 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 is also trading in the upper part of its 52 week range, so EEB is performing more or less in line with the market.
- 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 comparing the performance of all stocks over the past year, EEB turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
- Volume is considerably higher in the last couple of days.
EEB Weekly and Daily overview Charts
EEB Setup Rating and Analysis
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
EEB Support and Resistance Analysis
33.48
41.62
When analyzing the support we can see 4 important areas.
- 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.
EEB Technical Indicator Signal Analysis
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. |
EEB Chart- and CandleStick Pattern Analysis
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)
EEB Technicals: Chart, Performance Metrics, Trend & Indicators
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
3 months CRSN/A
6 months CRSN/A
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
Guggenheim BRIC ETF / EEB TA 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 Guggenheim BRIC ETF (EEB) stock?
Guggenheim BRIC ETF (EEB) has an RSI value of 51.3251. This indicates that the stock is currently neutral.
What is the MACD signal for Guggenheim BRIC ETF (EEB) stock?
The MACD indicator for Guggenheim BRIC ETF (EEB) has a value of 0.0572997, indicating a bearish trend.