ISHARES INC ISHARES ESG AWAR (ESGE) Technical Analysis
NASDAQ:ESGE • US46434G8630
Taking everything into account, ESGE scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- When comparing the yearly performance of all stocks, we notice that ESGE is one of the better performing stocks in the market, outperforming 80% of all stocks. On top of that, ESGE also shows a nice and consistent pattern of rising prices.
- ESGE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ESGE is lagging the market slightly.
- ESGE has an average volume of 1237340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- In the last month ESGE has a been trading in the 45.04 - 50.98 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although ESGE 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
32.55
We found 5 important support areas.
- A support zone ranging from 45.89 to 46.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @44.85 from a trend line in the daily time frame.
- A support zone ranging from 42.51 to 42.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @33.87 from a trend line in the weekly time frame.
- Support @32.88 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 47.08 to 48.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 50.23 to 50.88. 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 ESGE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ESGE is down. |
| ChartMill Relative Strength | 80.38 | POSITIVE | ESGE has a high relative strength, it outperformed 80.38% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ESGE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ESGE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ESGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.52 | NEUTRAL | The RSI value for ESGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests ESGE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.43 | NEUTRAL | The Stochastics value for ESGE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for ESGE suggests some volalility. |
| Average Directional Index/ADX (14) | 30 | POSITIVE | The high ADX value value for ESGE suggests a strong trend. |
ESGE Technicals: Chart, Performance Metrics, Trend & Indicators
46.99
+0.18 (+0.38%)
ISHARES INC ISHARES ESG AWAR / ESGE FAQ
What is the technical rating for ESGE stock?
ChartMill assigns a technical rating of 7 / 10 to ESGE.
Can you provide the trend direction for ISHARES INC ISHARES ESG AWAR?
The current trend direction for ISHARES INC ISHARES ESG AWAR (ESGE) is Bullish.
Can you provide the RSI signal for ISHARES INC ISHARES ESG AWAR?
ISHARES INC ISHARES ESG AWAR (ESGE) has an RSI value of 43.5182. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES INC ISHARES ESG AWAR (ESGE) stock?
The MACD indicator for ISHARES INC ISHARES ESG AWAR (ESGE) has a value of -0.470445, indicating a bearish trend.
What are the support and resistance levels for ISHARES INC ISHARES ESG AWAR (ESGE) stock?
ISHARES INC ISHARES ESG AWAR (ESGE) has a support level at 46.21 and a resistance level at 47.08. Check the full technical report for our detailed analysis of ESGE support and resistance levels.