ISHARES EMERGING MARKETS EQU (EMGF) Stock Technical Analysis
NYSEARCA:EMGF - NYSE Arca - US46434G8895 - ETF - Currency: USD
Overall EMGF 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, EMGF is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, EMGF did better than 71% of all other stocks.
A new 52 week high is currently being made by EMGF, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month EMGF has a been trading in a tight range between 49.11 and 52.05.
Although EMGF 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
43.07
52.26
4 important support areas can be observed.
- A support zone ranging from 48.66 to 51.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.49 from a horizontal line in the daily time frame.
- A support zone ranging from 44.31 to 44.46. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @43.51 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 51.74 to 51.74. 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 EMGF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EMGF is up. |
| ChartMill Relative Strength | 71.82 | POSITIVE | EMGF has a high relative strength, it outperformed 71.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EMGF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EMGF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EMGF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.72 | OVERBOUGHT | The high RSI value suggests EMGF may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests EMGF has a positive trend. |
| Stochastics (14,3) | 92.03 | OVERBOUGHT | The high Stochastics value suggests EMGF may be overbought. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for EMGF suggests low volalility. |
| Average Directional Index/ADX (14) | 29.79 | POSITIVE | The high ADX value value for EMGF 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)
51.73
+0.1 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.19%
1 Week2.52%
2 Weeks4.4%
1 Month5.15%
3 Month8.81%
6 Month8.14%
12 Month11.95%
2 Year24.45%
3 Year20.53%
5 Year31.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.45
ATR(20)%0.84%
ATR Inc-20.47%
Range Today0.32
ADR(20)0.33
ADR(20)%0.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.82
Mansfield0.4
10 Day High52.05
10 Day Low49.11
20 Day High52.05
20 Day Low49.11
52 Week High52.05
52 Week Low41.01
CS1 End51.11
CR1 Start51.74
Volume & EV
DER(3)-3.75%
DER(5)1.67%
Volume109.60K
Volume Incr-3.7%
Vol(5)91.74K
Vol(50)114.58K