ISHARES MSCI EMERG MRKT ASIA (EEMA) Stock Technical Analysis
USA - NASDAQ:EEMA - US4642864262 - ETF
92.9868 USD
-0.91 (-0.97%)
93.37 USD
+0.38 (+0.41%)
Taking everything into account, EEMA scores 8 out of 10 in our technical rating. Although EEMA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
EEMA 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.
When comparing the yearly performance of all stocks, we notice that EEMA is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month EEMA has a been trading in a tight range between 89.86 and 94.72.
Although EEMA has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
69.53
95.05
When analyzing the support we can see 5 important areas.
- A support zone ranging from 91.43 to 92.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 88.12 to 88.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 82.87 to 82.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @76.62 from a horizontal line in the daily time frame.
- A support zone ranging from 70.23 to 71.02. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 93.58 to 94.11. 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 | UP | POSITIVE | The long term trend for EEMA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EEMA is up. |
| ChartMill Relative Strength | 75.05 | POSITIVE | EEMA has a high relative strength, it outperformed 75.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EEMA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EEMA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EEMA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.8 | NEUTRAL | The RSI value for EEMA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests EEMA has a negative trend. |
| Stochastics (14,3) | 73.09 | NEUTRAL | The Stochastics value for EEMA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.93 | LOW VOLATILITY | The low ATR as a percentage value for EEMA suggests low volalility. |
| Average Directional Index/ADX (14) | 37.81 | POSITIVE | The high ADX value value for EEMA 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)
92.9868
-0.91 (-0.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.97%
1 Week-0.41%
2 Weeks2.04%
1 Month3.16%
3 Month12.21%
6 Month31.75%
12 Month16.58%
2 Year52.96%
3 Year70.71%
5 Year20.48%
10 Year72.58%
15 YearN/A
Volatility
ATR(14)0.91
ATR(20)%0.93%
ATR Inc31.18%
Range Today1.38
ADR(20)0.69
ADR(20)%0.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.05
Mansfield0.62
10 Day High94.72
10 Day Low89.86
20 Day High94.72
20 Day Low89.86
52 Week High94.72
52 Week Low63.5
CS1 End92.76
CR1 Start93.58
Volume & EV
DER(3)-7.94%
DER(5)-4.03%
Volume29.10K
Volume Incr-14.14%
Vol(5)48.48K
Vol(50)63.40K