PROSHARES ULTRA MSCI EAFE (EFO) Technical Analysis
NYSEARCA:EFO • US74347X5005
Current stock price
EFO Technical Rating and Analysis
Overall EFO gets a technical rating of 2 out of 10. Although EFO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- EFO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Warning: EFO has an average volume of 10240 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Looking at the yearly performance, EFO did better than 71% of all other stocks. However, EFO's most recent performance is quite weak.
- EFO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EFO is lagging the market slightly.
EFO Weekly and Daily overview Charts
EFO Setup Rating and Analysis
EFO has a poor technical rating and the quality of the setup is also only medium 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
EFO Support and Resistance Analysis
55.68
We found 3 important support areas.
- A support zone ranging from 59.36 to 59.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @57.82 from a horizontal line in the daily time frame.
- Support @56.24 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 59.44 to 59.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 62.28 to 63.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
EFO Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for EFO is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EFO is down. |
| ChartMill Relative Strength | 71.31 | POSITIVE | EFO has a high relative strength, it outperformed 71.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EFO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EFO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of EFO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.6 | NEUTRAL | The RSI value for EFO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests EFO has a negative trend. |
| Stochastics (14,3) | 24.53 | NEUTRAL | The Stochastics value for EFO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.51 | HIGH VOLATILITY | The high ATR as a percentage value for EFO suggests high volalility. |
| Average Directional Index/ADX (14) | 40.63 | POSITIVE | The high ADX value value for EFO suggests a strong trend. |
EFO Chart- and CandleStick Pattern Analysis
EFO Technicals: Chart, Performance Metrics, Trend & Indicators
59.4313
-0.94 (-1.55%)
PROSHARES ULTRA MSCI EAFE / EFO TA FAQ
What is the technical rating for EFO stock?
ChartMill assigns a technical rating of 2 / 10 to EFO.
What is the trend direction for EFO stock?
The current trend direction for PROSHARES ULTRA MSCI EAFE (EFO) is Bearish.
Can you provide the RSI signal for PROSHARES ULTRA MSCI EAFE?
PROSHARES ULTRA MSCI EAFE (EFO) has an RSI value of 34.6007. This indicates that the stock is currently neutral.
What is the short term momentum for PROSHARES ULTRA MSCI EAFE (EFO) stock?
The short term momentum for PROSHARES ULTRA MSCI EAFE (EFO) is negative.
What is the support and resistance level for EFO stock?
PROSHARES ULTRA MSCI EAFE (EFO) has a support level at 59.36 and a resistance level at 59.44. Check the full technical report for our detailed analysis of EFO support and resistance levels.