Overall EEV gets a technical rating of 0 out of 10. EEV's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of EEV is bad and it also does not present a quality setup 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.
17.11
We can see 5 important resistance areas.
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 | DOWN | NEGATIVE | The long term trend for EEV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EEV is down. |
| ChartMill Relative Strength | 8.37 | NEGATIVE | EEV has a low relative strength, it was outperformed by 91.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EEV is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EEV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EEV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.6 | OVERSOLD | The low RSI value suggests EEV may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests EEV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.08 | OVERSOLD | The low Stochastics value suggests EEV may be oversold. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for EEV suggests low volalility. |
| Average Directional Index/ADX (14) | 24.1 | NEUTRAL | The ADX value for EEV suggests a possible start of a new trend. |
17.28
-0.13 (-0.74%)
ChartMill assigns a technical rating of 0 / 10 to EEV.
The current trend direction for PROSHARES ULTSHRT MSCI EM (EEV) is Bearish.
PROSHARES ULTSHRT MSCI EM (EEV) has an RSI value of 29.5958. This indicates that the stock is currently oversold.
The short term momentum for PROSHARES ULTSHRT MSCI EM (EEV) is negative.
The buy/sell signal for PROSHARES ULTSHRT MSCI EM (EEV) is sell as both the short term and long term trends are negative.