SELECT STOXX EUR AER DE ETF (EUAD) Stock Technical Analysis
NYSEARCA:EUAD • US84858T7726
Overall EUAD gets a technical rating of 9 out of 10. EUAD has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that EUAD is one of the better performing stocks in the market, outperforming 81% of all stocks. On top of that, EUAD also shows a nice and consistent pattern of rising prices.
- EUAD 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 EUAD is lagging the market slightly.
- In the last month EUAD has a been trading in the 43.41 - 47.84 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EUAD has an excellent technical rating and also presents a decent setup pattern. 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 45.88, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EUAD 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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38.79
4 important support areas can be observed.
- A support zone ranging from 44.75 to 45.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.15 from a horizontal line in the daily time frame.
- Support @40.39 from a horizontal line in the weekly time frame.
- A support zone ranging from 39.18 to 39.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 46.83 to 48.29. 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 EUAD is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EUAD is neutral. |
| ChartMill Relative Strength | 81.37 | POSITIVE | EUAD has a high relative strength, it outperformed 81.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EUAD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EUAD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EUAD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.61 | NEUTRAL | The RSI value for EUAD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EUAD has a negative trend. |
| Stochastics (14,3) | 65.09 | NEUTRAL | The Stochastics value for EUAD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for EUAD suggests some volalility. |
| Average Directional Index/ADX (14) | 12.68 | NEGATIVE | The low ADX value for EUAD suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.84 | 45.57 | 1.27 (2.71%) | 25.00% |
| An entry @46.84. This is a Buy Stop order right above the 10 day moving average. | An exit @45.57. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.27 points, which is 2.71%. | For a 0.68% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of EUAD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
46.04
-0.59 (-1.27%)
SELECT STOXX EUR AER DE ETF / EUAD FAQ
What is the technical rating for EUAD stock?
ChartMill assigns a technical rating of 9 / 10 to EUAD.
What is the current trend direction of SELECT STOXX EUR AER DE ETF (EUAD) stock?
The current trend direction for SELECT STOXX EUR AER DE ETF (EUAD) is Bullish.
What is the RSI signal for SELECT STOXX EUR AER DE ETF (EUAD) stock?
SELECT STOXX EUR AER DE ETF (EUAD) has an RSI value of 49.6147. This indicates that the stock is currently neutral.
What is the short term momentum for EUAD stock?
The short term momentum for SELECT STOXX EUR AER DE ETF (EUAD) is neutral.
What is the support and resistance level for EUAD stock?
SELECT STOXX EUR AER DE ETF (EUAD) has a support level at 45.88 and a resistance level at 46.83. Check the full technical report for our detailed analysis of EUAD support and resistance levels.