ISHARES MSCI INDONESIA ETF (EIDO) Stock Technical Analysis
NYSEARCA:EIDO - NYSE Arca - US46429B3096 - ETF - Currency: USD
Taking everything into account, EIDO scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EIDO is only an average performer.
The long and short term trends are both positive. This is looking good!
EIDO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, EIDO turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
EIDO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EIDO is lagging the market.
In the last month EIDO has a been trading in a tight range between 18.14 and 19.18.
Although EIDO 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
18.24
23.12
When analyzing the support we notice one important area.
- A support zone ranging from 18.42 to 18.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 18.99 to 19.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.89 from a horizontal line in the weekly time frame.
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 EIDO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EIDO is up. |
| ChartMill Relative Strength | 66.94 | NEUTRAL | EIDO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EIDO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EIDO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EIDO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65 | NEUTRAL | The RSI value for EIDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EIDO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.96 | NEUTRAL | The Stochastics value for EIDO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.15 | LOW VOLATILITY | The low ATR as a percentage value for EIDO suggests low volalility. |
| Average Directional Index/ADX (14) | 32.35 | POSITIVE | The high ADX value value for EIDO 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 19.17 | 18.41 | 0.76 (3.96%) | 25.00% |
| An entry @19.17. This is a Buy Stop order right above the resistance zone. | An exit @18.41. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.76 points, which is 3.96%. | For a 0.99% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
18.9
-0.01 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.05%
1 Week1.83%
2 Weeks-0.26%
1 Month5.18%
3 Month14.06%
6 Month-4.83%
12 Month3.56%
2 Year-18%
3 Year-15.55%
5 Year5%
10 Year-18.43%
15 Year-21.9%
Volatility
ATR(14)0.18
ATR(20)%1.15%
ATR Inc-50.36%
Range Today0.13
ADR(20)0.13
ADR(20)%0.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.94
Mansfield-0.7
10 Day High18.98
10 Day Low18.42
20 Day High19.18
20 Day Low18.14
52 Week High23.62
52 Week Low14.21
CS1 End18.9
CR1 Start18.99
Volume & EV
DER(3)-0.45%
DER(5)4.6%
Volume498.70K
Volume Incr23.72%
Vol(5)658.28K
Vol(50)631.66K