EIF Technical Analysis - EXCHANGE INCOME CORP

Technical Rating and Analysis

Overall EIF gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, EIF is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.

EIF is one of the better performing stocks in the Passenger Airlines industry, it outperforms 83% of 7 stocks in the same industry.

EIF is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month EIF has a been trading in the 69.71 - 77.71 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that EIF is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EXCHANGE INCOME CORP / EIF Weekly stock chart

EXCHANGE INCOME CORP / EIF Daily stock chart

Setup Rating and Analysis

Although EIF 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

49.99

77.49

We found 3 important support areas.

A support zone ranging from 73.24 to 74.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 69.94 to 70.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @50.49 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 75.84 to 76.72. 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 EIF.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EIF.CA is up.
ChartMill Relative Strength	71.6	POSITIVE	EIF.CA has a high relative strength, it outperformed 71.6% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EIF.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EIF.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EIF.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	66.67	NEUTRAL	The RSI value for EIF.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.31	POSITIVE	The MACD value suggests EIF.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	85.66	OVERBOUGHT	The high Stochastics value suggests EIF.CA may be overbought.
Average True Range in percent/ATR (20)	1.47	LOW VOLATILITY	The low ATR as a percentage value for EIF.CA suggests low volalility.
Average Directional Index/ADX (14)	37.7	POSITIVE	The high ADX value value for EIF.CA suggests a strong trend.