ETORO GROUP LTD-A (ETOR) Technical Analysis
NASDAQ:ETOR • VGG320891077
We assign a technical rating of 2 out of 10 to ETOR. In the past year, ETOR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, ETOR is a bad performer in the overall market: 100% of all stocks are doing better.
- ETOR is part of the Capital Markets industry. There are 238 other stocks in this industry, of which 89% are performing better than ETOR.
- In the last month ETOR has a been trading in the 24.74 - 33.88 range, which is quite wide. It is currently trading near the high of this range.
- ETOR has an average volume of 1447750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
Although the technical rating is bad, ETOR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 32.71. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
30.36
We found 1 important support area.
- A support zone ranging from 30.67 to 30.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 32.71 to 33.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @41.14 from a trend line in the daily time frame.
- Resistance @42.65 from a trend line in the daily time frame.
- Resistance @45.02 from a horizontal line in the daily time frame.
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 ETOR is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETOR is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ETOR has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETOR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ETOR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ETOR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.54 | NEUTRAL | The RSI value for ETOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests ETOR has a positive trend. |
| Stochastics (14,3) | 78.31 | NEUTRAL | The Stochastics value for ETOR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.72 | HIGH VOLATILITY | The high ATR as a percentage value for ETOR suggests high volalility. |
| Average Directional Index/ADX (14) | 24.45 | NEUTRAL | The ADX value for ETOR suggests a possible start of a new trend. |
ETOR Technicals: Chart, Performance Metrics, Trend & Indicators
32.7
+0.06 (+0.18%)
ETORO GROUP LTD-A / ETOR FAQ
Can you provide the ChartMill technical rating for ETORO GROUP LTD-A?
ChartMill assigns a technical rating of 2 / 10 to ETOR.
Can you provide the trend direction for ETORO GROUP LTD-A?
The current trend direction for ETORO GROUP LTD-A (ETOR) is Bearish.
What is the RSI signal for ETORO GROUP LTD-A (ETOR) stock?
ETORO GROUP LTD-A (ETOR) has an RSI value of 57.5424. This indicates that the stock is currently neutral.
What is the short term momentum for ETOR stock?
The short term momentum for ETORO GROUP LTD-A (ETOR) is positive.
What is the buy/sell signal for ETORO GROUP LTD-A (ETOR) stock?
The buy/sell signal for ETORO GROUP LTD-A (ETOR) is hold as the short term and long term trends are mixed.