Taking everything into account, ENY scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ENY was also a bad performer in the overall market in the last year.
- 68% of all other stocks performed better in the past year than ENY.
- 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 long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- ENY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ENY is lagging the market.
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
We found 2 important support 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.
When analyzing the resistance we notice 2 important areas.
- 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. |
Guggenheim Canadian Energy Income ETF
NYSEARCA:ENY (2/20/2019, 8:04:03 PM)
6.94
+0.09 (+1.31%)
Guggenheim Canadian Energy Income ETF / ENY FAQ
What is the technical rating for ENY stock?
ChartMill assigns a technical rating of 4 / 10 to ENY.
What is the current trend direction of Guggenheim Canadian Energy Income ETF (ENY) stock?
The current trend direction for Guggenheim Canadian Energy Income ETF (ENY) is Bearish.
Can you provide the RSI signal for Guggenheim Canadian Energy Income ETF?
Guggenheim Canadian Energy Income ETF (ENY) has an RSI value of 69.4517. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Guggenheim Canadian Energy Income ETF?
The short term momentum for Guggenheim Canadian Energy Income ETF (ENY) is positive.
What is the buy/sell signal for Guggenheim Canadian Energy Income ETF (ENY) stock?
The buy/sell signal for Guggenheim Canadian Energy Income ETF (ENY) is hold as the short term and long term trends are mixed.