EH Technical Analysis - EHANG HOLDINGS LTD-SPS ADR

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to EH. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EH is only an average performer.

EH is part of the Aerospace & Defense industry. There are 68 other stocks in this industry, of which 67% are performing better than EH.

The long and short term trends are both positive. This is looking good!

In the last month EH has a been trading in the 15.67 - 20.20 range, which is quite wide. It is currently trading near the high of this range.

EH has an average volume of 1534200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, EH turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.

EH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EH is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EHANG HOLDINGS LTD-SPS ADR / EH Weekly stock chart

EHANG HOLDINGS LTD-SPS ADR / EH Daily stock chart

Setup Rating and Analysis

Although EH has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.92

20.19

5 important support areas can be observed.

A support zone ranging from 17.73 to 18.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @16.31 from a trend line in the weekly time frame.
A support zone ranging from 15.78 to 15.86. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @14.58 from a trend line in the weekly time frame.
Support @14.06 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 19.87 to 19.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	UP	POSITIVE	The long term trend for EH is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EH is up.
ChartMill Relative Strength	66.32	NEUTRAL	EH is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EH is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of EH is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EH is above the rising SMA(200).
Relative Strength Index/RSI (14)	66.8	NEUTRAL	The RSI value for EH is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests EH has a positive trend, although the MACD value is declining.
Stochastics (14,3)	73.32	NEUTRAL	The Stochastics value for EH is a neutral value.
Average True Range in percent/ATR (20)	4.12	MEDIUM VOLATILITY	The ATR as a percentage value for EH suggests some volalility.
Average Directional Index/ADX (14)	26.09	POSITIVE	The high ADX value value for EH suggests a strong trend.