We assign a technical rating of 0 out of 10 to EUM. EUM'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.
- When comparing the yearly performance of all stocks, EUM is a bad performer in the overall market: 84% of all stocks are doing better.
- EUM 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 EUM has a been trading in the 17.84 - 19.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
The technical rating of EUM 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
18.32
We found 1 important support area.
- A support zone ranging from 18.51 to 18.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 19.78 to 19.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 20.24 to 20.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 21.13 to 21.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.47 from a horizontal line in the daily time frame.
- Resistance @26.62 from a trend line in the weekly time frame.
- Resistance @27.62 from a horizontal line in the weekly 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 EUM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EUM is down. |
| ChartMill Relative Strength | 16.23 | NEGATIVE | EUM has a low relative strength, it was outperformed by 83.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EUM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EUM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EUM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.99 | NEUTRAL | The RSI value for EUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EUM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.15 | NEUTRAL | The Stochastics value for EUM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for EUM suggests low volalility. |
| Average Directional Index/ADX (14) | 31.87 | POSITIVE | The high ADX value value for EUM suggests a strong trend. |
18.61
+0.38 (+2.08%)
PROSHARES SHORT MSCI EMR MKT / EUM FAQ
What is the ChartMill technical rating of PROSHARES SHORT MSCI EMR MKT (EUM) stock?
ChartMill assigns a technical rating of 0 / 10 to EUM.
What is the current trend direction of PROSHARES SHORT MSCI EMR MKT (EUM) stock?
The current trend direction for PROSHARES SHORT MSCI EMR MKT (EUM) is Bearish.
Can you provide the RSI signal for PROSHARES SHORT MSCI EMR MKT?
PROSHARES SHORT MSCI EMR MKT (EUM) has an RSI value of 37.9927. This indicates that the stock is currently neutral.
What is the short term momentum for EUM stock?
The short term momentum for PROSHARES SHORT MSCI EMR MKT (EUM) is negative.
What is the buy/sell signal for EUM stock?
The buy/sell signal for PROSHARES SHORT MSCI EMR MKT (EUM) is sell as both the short term and long term trends are negative.