CAPITAL LINK GLOBAL GREEN EN (EKAR) Stock Technical Analysis
USA - NYSEARCA:EKAR - US3015057561 - ETF
29.005 USD
-0.05 (-0.15%)
We assign a technical rating of 0 out of 10 to EKAR. EKAR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
79% of all other stocks performed better in the past year than EKAR.
EKAR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
EKAR 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: EKAR has an average volume of 1268 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Although the technical rating is bad, EKAR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.35, a Stop Loss order could be placed below this zone.
More info and screens
27.54
34.46
2 important support areas can be observed.
- Support @28.35 from a horizontal line in the daily time frame.
- A support zone ranging from 27.82 to 27.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 29.01 to 29.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 32.97 to 34.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 EKAR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EKAR is down. |
| ChartMill Relative Strength | 21.7 | NEGATIVE | EKAR has a low relative strength, it was outperformed by 78.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EKAR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EKAR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EKAR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.62 | OVERSOLD | The low RSI value suggests EKAR may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests EKAR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.84 | OVERSOLD | The low Stochastics value suggests EKAR may be oversold. |
| Average True Range in percent/ATR (20) | 1.33 | LOW VOLATILITY | The low ATR as a percentage value for EKAR suggests low volalility. |
| Average Directional Index/ADX (14) | 31.87 | POSITIVE | The high ADX value value for EKAR 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)
NYSEARCA:EKAR (1/11/2023, 8:06:05 PM)
29.005
-0.05 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.15%
1 Week-0.14%
2 Weeks-1.14%
1 Month-12.93%
3 Month4.21%
6 Month-8.23%
12 Month-31.72%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%1.33%
ATR Inc-85.36%
Range Today0.05
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.7
Mansfield-1.1
10 Day High29.26
10 Day Low28.79
20 Day High34.38
20 Day Low28.79
52 Week High42.04
52 Week Low27.35
CS1 End28.35
CR1 Start29.01
Volume & EV
DER(3)0.72%
DER(5)0.43%
Volume12.70K
Volume Incr176.31%
Vol(5)3.44K
Vol(50)1.27K