E*Trade Finl Corp (ETFC) Technical Analysis
NASDAQ:ETFC
Current stock price
ETFC Technical Rating and Analysis
Overall ETFC gets a technical rating of 2 out of 10. In the last year, ETFC was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- ETFC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- ETFC 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 ETFC is lagging the market slightly.
- ETFC has an average volume of 2214990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the yearly performance of all stocks, we notice that ETFC is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
ETFC Weekly and Daily overview Charts
ETFC Setup Rating and Analysis
The technical rating of ETFC is bad and it also does not present a 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
ETFC Support and Resistance Analysis
47.53
When analyzing the support we notice one important area.
- A support zone ranging from 48.01 to 48.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 50.47 to 51.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 54.66 to 55.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
ETFC Technical Indicator Signal Analysis
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 ETFC is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ETFC is down. |
| ChartMill Relative Strength | 77.17 | POSITIVE | ETFC has a high relative strength, it outperformed 77.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ETFC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ETFC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ETFC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.47 | NEUTRAL | The RSI value for ETFC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests ETFC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.13 | NEUTRAL | The Stochastics value for ETFC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for ETFC suggests some volalility. |
ETFC Chart- and CandleStick Pattern Analysis
ETFC Technicals: Chart, Performance Metrics, Trend & Indicators
49.26
-0.79 (-1.58%)
E*Trade Finl Corp / ETFC TA FAQ
What is the technical rating for ETFC stock?
ChartMill assigns a technical rating of 2 / 10 to ETFC.
What is the trend direction for ETFC stock?
The current trend direction for E*Trade Finl Corp (ETFC) is Bullish.
What is the RSI signal for ETFC stock?
E*Trade Finl Corp (ETFC) has an RSI value of 41.4705. This indicates that the stock is currently neutral.
What is the short term momentum for E*Trade Finl Corp (ETFC) stock?
The short term momentum for E*Trade Finl Corp (ETFC) is negative.
What are the support and resistance levels for E*Trade Finl Corp (ETFC) stock?
E*Trade Finl Corp (ETFC) has a support level at 48.99 and a resistance level at 50.47. Check the full technical report for our detailed analysis of ETFC support and resistance levels.