ETAO INTERNATIONAL CO LTD (ETAO) Stock Technical Analysis
NASDAQ:ETAO - Nasdaq - KYG313631155 - Common Stock - Currency: USD
Taking everything into account, ETAO scores 0 out of 10 in our technical rating. ETAO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
99% of all other stocks performed better in the past year than ETAO.
ETAO is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry, of which 91% are performing better than ETAO.
ETAO is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month ETAO has a been trading in the 1.70 - 4.22 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ETAO has an average volume of 1968570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of ETAO is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.89
2.95
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.90 to 2.92. 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 | DOWN | NEGATIVE | The long term trend for ETAO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETAO is down. |
| ChartMill Relative Strength | 1.26 | NEGATIVE | ETAO has a low relative strength, it was outperformed by 98.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETAO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETAO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ETAO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.75 | NEUTRAL | The RSI value for ETAO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ETAO has a negative trend. |
| Stochastics (14,3) | 18.84 | OVERSOLD | The low Stochastics value suggests ETAO may be oversold. |
| Average True Range in percent/ATR (20) | 22.45 | HIGH VOLATILITY | The high ATR as a percentage value for ETAO suggests high volalility. |
| Average Directional Index/ADX (14) | 26.7 | POSITIVE | The high ADX value value for ETAO 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)
1.91
-0.89 (-31.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-31.79%
1 Week-39.75%
2 Weeks-32.03%
1 Month-56.09%
3 Month-56.41%
6 Month-40.31%
12 Month-84.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.41
ATR(20)%22.45%
ATR Inc166.55%
Range Today1.32
ADR(20)0.42
ADR(20)%21.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.26
Mansfield-7.39
10 Day High3.4
10 Day Low1.7
20 Day High4.22
20 Day Low1.7
52 Week High22
52 Week Low1.7
CS1 EndN/A
CR1 Start2.9
Volume & EV
DER(3)-7.32%
DER(5)3.43%
Volume365.70K
Volume Incr-90.39%
Vol(5)83.58K
Vol(50)1.97M