ISHARES MSCI EMERGING MARKET (EEM) Stock Technical Analysis
USA - NYSEARCA:EEM - US4642872349 - ETF
51.94 USD
-1.99 (-3.69%)
51.5 USD
-0.44 (-0.85%)
Overall EEM gets a technical rating of 6 out of 10. EEM has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
EEM 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 EEM is lagging the market slightly.
EEM has an average volume of 25133000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that EEM is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month EEM has a been trading in a tight range between 51.82 and 54.69.
EEM has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
39.31
55.05
When analyzing the support we can see 3 important areas.
- A support zone ranging from 50.84 to 51.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.52 to 41.60. 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 53.39 to 54.50. This zone is formed by a combination of multiple trend lines and important moving averages 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 EEM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EEM is neutral. |
| ChartMill Relative Strength | 73.04 | POSITIVE | EEM has a high relative strength, it outperformed 73.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EEM is below a declining 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) | 42.44 | NEUTRAL | The RSI value for EEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests EEM has a negative trend. |
| Stochastics (14,3) | 54.39 | NEUTRAL | The Stochastics value for EEM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for EEM suggests low volalility. |
| Average Directional Index/ADX (14) | 33.92 | POSITIVE | The high ADX value value for EEM 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)
51.94
-1.99 (-3.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-3.69%
1 Week-4.22%
2 Weeks-1.46%
1 Month-0.61%
3 Month7.63%
6 Month24.41%
12 Month12.04%
2 Year41.53%
3 Year51.92%
5 Year16.17%
10 Year48.95%
15 Year12.62%
Volatility
ATR(14)0.58
ATR(20)%1.03%
ATR Inc261.53%
Range Today2.22
ADR(20)0.46
ADR(20)%0.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.04
Mansfield0.4
10 Day High54.69
10 Day Low51.82
20 Day High54.69
20 Day Low51.82
52 Week High54.69
52 Week Low38.19
CS1 End51.93
CR1 Start53.39
Volume & EV
DER(3)-5.83%
DER(5)-4.37%
Volume67.91M
Volume Incr8.08%
Vol(5)28.90M
Vol(50)25.13M