WISDOMTREE INDIA EARNINGS (EPI) Stock Technical Analysis
NYSEARCA:EPI - NYSE Arca - US97717W4226 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to EPI. EPI was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
Although the technical rating is only medium, EPI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 46.65, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EPI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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39.67
3 important support areas can be observed.
- A support zone ranging from 45.51 to 46.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.02 from a trend line in the weekly time frame.
- A support zone ranging from 40.07 to 40.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 46.75 to 47.99. This zone is formed by a combination of multiple trend lines and important moving averages 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 EPI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EPI is down. |
| ChartMill Relative Strength | 29.01 | NEGATIVE | EPI has a low relative strength, it was outperformed by 70.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of EPI is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EPI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EPI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.03 | NEUTRAL | The RSI value for EPI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests EPI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.9 | OVERSOLD | The low Stochastics value suggests EPI may be oversold. |
| Average True Range in percent/ATR (20) | 0.7 | LOW VOLATILITY | The low ATR as a percentage value for EPI suggests low volalility. |
| Average Directional Index/ADX (14) | 9.45 | NEGATIVE | The low ADX value for EPI suggests a weak or negative trend. |
46.65
+0.11 (+0.24%)