Guggenheim Canadian Energy Income ETF (ENY) Stock Technical Analysis
NYSEARCA:ENY - NYSE Arca -
Overall ENY gets a technical rating of 4 out of 10. In the past year, ENY was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ENY is a bad performer in the overall market: 68% of all stocks are doing better.
Warning: ENY has an average volume of 7324 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month ENY has a been trading in the 6.38 - 6.94 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
ENY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ENY is lagging the market slightly.
ENY has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
6.29
7.88
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.60 to 6.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.35 to 6.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.95 to 6.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.63 to 7.80. 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 ENY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ENY is up. |
| ChartMill Relative Strength | 32.59 | NEUTRAL | ENY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ENY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ENY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ENY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.45 | NEUTRAL | The RSI value for ENY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ENY has a positive trend. |
| Stochastics (14,3) | 97.39 | OVERBOUGHT | The high Stochastics value suggests ENY may be overbought. |
| Average True Range in percent/ATR (20) | 1.29 | LOW VOLATILITY | The low ATR as a percentage value for ENY 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)
Guggenheim Canadian Energy Income ETF
NYSEARCA:ENY (2/20/2019, 8:04:03 PM)
6.94
+0.09 (+1.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.31%
1 Week5.87%
2 Weeks4.68%
1 Month6.77%
3 Month3.89%
6 Month-15.26%
12 Month-11.25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%1.29%
ATR Inc1.61%
Range Today0.07
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
CRS32.59
Mansfield-0.87
10 Day High6.94
10 Day Low6.38
20 Day High6.94
20 Day Low6.38
52 Week High8.46
52 Week Low5.22
CS1 End6.66
CR1 Start6.95
Volume & EV
DER(3)3.12%
DER(5)0.99%
Volume17.70K
Volume Incr150.97%
Vol(5)7.78K
Vol(50)7.32K