PROSHARES ULT MSCI EMER MKTS (EET) Stock Technical Analysis
USA - NYSEARCA:EET - US74347X3026 - ETF
72.3925 USD
-5.63 (-7.21%)
71.01 USD
-1.38 (-1.91%)
We assign a technical rating of 6 out of 10 to EET. In the last year, EET was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month EET has a been trading in the 72.11 - 80.46 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: EET has an average volume of 14396 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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!
EET 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 EET is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that EET is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
EET 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
45.55
80.58
3 important support areas can be observed.
- A support zone ranging from 70.59 to 71.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.38 to 63.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.01 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 79.00 to 79.78. 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 EET is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EET is neutral. |
| ChartMill Relative Strength | 79.69 | POSITIVE | EET has a high relative strength, it outperformed 79.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EET is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EET is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EET is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.27 | NEUTRAL | The RSI value for EET is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.51 | NEGATIVE | The MACD value suggests EET has a negative trend. |
| Stochastics (14,3) | 51.15 | NEUTRAL | The Stochastics value for EET is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for EET suggests some volalility. |
| Average Directional Index/ADX (14) | 37.02 | POSITIVE | The high ADX value value for EET 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)
72.3925
-5.63 (-7.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-7.21%
1 Week-8.37%
2 Weeks-3.09%
1 Month-2.25%
3 Month13.27%
6 Month50.12%
12 Month17.17%
2 Year73.33%
3 Year84.86%
5 Year2.54%
10 Year40.35%
15 Year-28.92%
Volatility
ATR(14)1.56
ATR(20)%2.06%
ATR Inc257.33%
Range Today5.89
ADR(20)1.04
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.69
Mansfield1.31
10 Day High80.46
10 Day Low72.11
20 Day High80.46
20 Day Low72.11
52 Week High80.46
52 Week Low40.86
CS1 End71.68
CR1 Start79
Volume & EV
DER(3)-8.55%
DER(5)-5.41%
Volume4.40K
Volume Incr37.21%
Vol(5)21.20K
Vol(50)14.40K