EGShares Emerg Mkts Domestic Demand ETF (EMDD) Stock Technical Analysis
NYSEARCA:EMDD - NYSE Arca -
Overall EMDD gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EMDD is showing a nice and steady performance.
Warning: EMDD has an average volume of 6200 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, EMDD did better than 74% of all other stocks.
EMDD is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so EMDD is leading the market.
In the last month EMDD has a been trading in the 19.25 - 20.43 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although EMDD 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.
More info and screens
17.62
20.63
When analyzing the support we can see 2 important areas.
- A support zone ranging from 19.25 to 19.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.80 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.07 to 20.43. 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 | UP | POSITIVE | The long term trend for EMDD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EMDD is up. |
| ChartMill Relative Strength | 74.44 | POSITIVE | EMDD has a high relative strength, it outperformed 74.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EMDD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EMDD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EMDD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.97 | NEUTRAL | The RSI value for EMDD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests EMDD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75 | NEUTRAL | The Stochastics value for EMDD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.13 | LOW VOLATILITY | The low ATR as a percentage value for EMDD suggests low volalility. |
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)
EGShares Emerg Mkts Domestic Demand ETF
NYSEARCA:EMDD (7/21/2017, 10:03:41 PM)
19.985
-0.02 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.08%
1 Week-0.03%
2 Weeks3.44%
1 Month0.23%
3 Month6.81%
6 Month15.86%
12 Month17.63%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%1.13%
ATR Inc113.19%
Range Today0.32
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
CRS74.44
Mansfield-0.15
10 Day High20.43
10 Day Low19.4
20 Day High20.43
20 Day Low19.25
52 Week High20.43
52 Week Low16
CS1 End19.9
CR1 Start20.07
Volume & EV
DER(3)-14.74%
DER(5)-8.79%
Volume2.60K
Volume Incr158.09%
Vol(5)21.06K
Vol(50)6.20K