PROSHARES SHORT MSCI EMR MKT (EUM) Technical Analysis
NYSEARCA:EUM • US74349Y7461
Taking everything into account, EUM scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. EUM was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, EUM is a bad performer in the overall market: 81% of all stocks are doing better.
- EUM is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EUM is lagging the market.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- In the last month EUM has a been trading in the 17.37 - 20.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, EUM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
17.25
When analyzing the support we notice one important area.
- A support zone ranging from 17.42 to 17.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 19.30 to 19.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.27 from a trend line in the daily time frame.
- Resistance @21.47 from a horizontal line in the daily time frame.
- Resistance @26.47 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 | UP | POSITIVE | The short term trend for EUM is up. |
| ChartMill Relative Strength | 19.45 | NEGATIVE | EUM has a low relative strength, it was outperformed by 80.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EUM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EUM is above 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) | 61.81 | NEUTRAL | The RSI value for EUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests EUM has a positive trend. |
| Stochastics (14,3) | 47.81 | NEUTRAL | The Stochastics value for EUM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for EUM suggests some volalility. |
| Average Directional Index/ADX (14) | 31.26 | POSITIVE | The high ADX value value for EUM suggests a strong trend. |
EUM Technicals: Chart, Performance Metrics, Trend & Indicators
19.29
+0.6 (+3.21%)
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 2 / 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 61.8057. 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 positive.
What is the buy/sell signal for EUM stock?
The buy/sell signal for PROSHARES SHORT MSCI EMR MKT (EUM) is hold as the short term and long term trends are mixed.