ISHARES MSCI EMERGING MARKET (EEM) Stock Technical Analysis
USA - NYSEARCA:EEM - US4642872349 - ETF
52.26 USD
-0.03 (-0.06%)
52.26 USD
0 (0%)
Taking everything into account, EEM scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, EEM has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that EEM is one of the better performing stocks in the market, outperforming 74% of all stocks. We also observe that the gains produced by EEM over the past year are nicely spread over this period.
A new 52 week high is currently being made by EEM, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month EEM has a been trading in the 49.34 - 52.35 range, which is quite wide. It is currently trading near the high of this range.
EEM has an average volume of 23143900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although EEM has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
39.31
52.78
When analyzing the support we can see 4 important areas.
- A support zone ranging from 49.32 to 50.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.07 to 48.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 41.60 to 41.82. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @39.71 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 | UP | POSITIVE | The long term trend for EEM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EEM is up. |
| ChartMill Relative Strength | 74.7 | POSITIVE | EEM has a high relative strength, it outperformed 74.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EEM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EEM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EEM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.72 | OVERBOUGHT | The high RSI value suggests EEM may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests EEM has a positive trend. |
| Stochastics (14,3) | 95.75 | OVERBOUGHT | The high Stochastics value suggests EEM may be overbought. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for EEM suggests low volalility. |
| Average Directional Index/ADX (14) | 17.64 | NEGATIVE | The low ADX value for EEM 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)
52.26
-0.03 (-0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.06%
1 Week3.59%
2 Weeks4.31%
1 Month4.77%
3 Month10.93%
6 Month17.23%
12 Month22.02%
2 Year37.71%
3 Year49.83%
5 Year18.53%
10 Year59.43%
15 Year16.73%
Volatility
ATR(14)0.45
ATR(20)%0.84%
ATR Inc1.3%
Range Today0.16
ADR(20)0.3
ADR(20)%0.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.7
Mansfield0.39
10 Day High52.35
10 Day Low49.35
20 Day High52.35
20 Day Low49.35
52 Week High52.35
52 Week Low38.19
CS1 End50.81
CR1 StartN/A
Volume & EV
DER(3)2.9%
DER(5)2.54%
Volume17.77M
Volume Incr1.55%
Vol(5)23.26M
Vol(50)23.14M