ISHARES MSCI EMERGING MARKET (EEM) Stock Technical Analysis
NYSEARCA:EEM - US4642872349 - ETF
49.64 USD
-0.11 (-0.22%)
49.88 USD
+0.24 (+0.48%)
Overall EEM gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EEM is only an average performer.
The long and short term trends are both positive. This is looking good!
EEM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
EEM has an average volume of 24358800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, EEM outperforms 69% of them, which is more or less in line with the market.
In the last month EEM has a been trading in a tight range between 47.98 and 50.59.
Besides having an excellent technical rating, EEM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 49.40, a Stop Loss order could be placed below this zone.
More info and screens
39.31
51.02
When analyzing the support we can see 3 important areas.
- A support zone ranging from 48.07 to 49.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.60 to 41.66. 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.
We found 1 important resistance area.
- A resistance zone ranging from 49.84 to 50.51. 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 | UP | POSITIVE | The short term trend for EEM is up. |
| ChartMill Relative Strength | 69.86 | NEUTRAL | EEM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EEM is above 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) | 54.78 | NEUTRAL | The RSI value for EEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EEM has a negative trend. |
| Stochastics (14,3) | 63.84 | NEUTRAL | The Stochastics value for EEM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.83 | LOW VOLATILITY | The low ATR as a percentage value for EEM suggests low volalility. |
| Average Directional Index/ADX (14) | 16.07 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 49.85 | 49.22 | 0.63 (1.26%) | 25.00% |
| An entry @49.85. This is a Buy Stop order right above the 10 day moving average. | An exit @49.22. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.63 points, which is 1.26%. | For a 0.32% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
49.64
-0.11 (-0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.22%
1 Week-0.48%
2 Weeks0.32%
1 Month-0.04%
3 Month7.38%
6 Month10.56%
12 Month13.23%
2 Year26.73%
3 Year25.89%
5 Year11.45%
10 Year46.69%
15 Year23.91%
Volatility
ATR(14)0.42
ATR(20)%0.83%
ATR Inc-34.69%
Range Today0.2
ADR(20)0.27
ADR(20)%0.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.86
Mansfield0.22
10 Day High50.59
10 Day Low49.23
20 Day High50.59
20 Day Low47.98
52 Week High50.59
52 Week Low38.19
CS1 End49.4
CR1 Start49.84
Volume & EV
DER(3)1.02%
DER(5)0.49%
Volume14.43M
Volume Incr-19.44%
Vol(5)19.04M
Vol(50)24.36M