EUK Technical Analysis - EUKEDOS SPA

Technical Rating and Analysis

Overall EUK gets a technical rating of 0 out of 10. EUK'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.

94% of all other stocks performed better in the past year than EUK.

EUK is part of the Health Care Providers & Services industry. There are 28 other stocks in this industry, of which 70% are performing better than EUK.

EUK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month EUK has a been trading in the 0.69 - 0.84 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.

Warning: EUK has an average volume of 5942 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

EUK has a bad technical rating, but it does show a decent setup pattern. 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 0.78. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.72

0.86

3 important resistance areas can be observed.

A resistance zone ranging from 0.78 to 0.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 0.81 to 0.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @0.85 from a trend line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for EUK.MI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EUK.MI is down.
ChartMill Relative Strength	6.79	NEGATIVE	EUK.MI has a low relative strength, it was outperformed by 93.21% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of EUK.MI is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of EUK.MI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of EUK.MI is below a declining SMA(200).
Relative Strength Index/RSI (14)	41.35	NEUTRAL	The RSI value for EUK.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests EUK.MI has a negative trend.
Stochastics (14,3)	16.05	OVERSOLD	The low Stochastics value suggests EUK.MI may be oversold.
Average True Range in percent/ATR (20)	6.21	HIGH VOLATILITY	The high ATR as a percentage value for EUK.MI suggests high volalility.
Average Directional Index/ADX (14)	12.45	NEGATIVE	The low ADX value for EUK.MI suggests a weak or negative trend.