PROSHARES SHORT MSCI EMR MKT (EUM) Technical Analysis
NYSEARCA:EUM • US74349Y7461
Current stock price
EUM Technical Rating and Analysis
Taking everything into account, EUM scores 2 out of 10 in our technical rating. 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.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 83% of all other stocks performed better in the past year than EUM.
- 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.
- In the last month EUM has a been trading in the 18.37 - 20.06 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Volume is considerably higher in the last couple of days.
EUM Weekly and Daily overview Charts
EUM Setup Rating and Analysis
Although the technical rating is bad, EUM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. Another positive sign is the recent Pocket Pivot signal.
- 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
EUM Support and Resistance Analysis
17.25
We found 1 important support 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.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 19.19 to 19.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.79 to 19.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.51 from a horizontal line in the daily time frame.
- Resistance @21.47 from a horizontal line in the daily time frame.
- Resistance @27.62 from a horizontal line in the weekly time frame.
EUM 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 EUM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EUM is neutral. |
| ChartMill Relative Strength | 17.83 | NEGATIVE | EUM has a low relative strength, it was outperformed by 82.17% 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) | UP | POSITIVE | The current price of EUM is above the rising 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) | 50.22 | NEUTRAL | The RSI value for EUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EUM has a negative trend. |
| Stochastics (14,3) | 36.34 | NEUTRAL | The Stochastics value for EUM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for EUM suggests some volalility. |
| Average Directional Index/ADX (14) | 27.39 | POSITIVE | The high ADX value value for EUM suggests a strong trend. |
EUM Chart- and CandleStick Pattern Analysis
EUM Technicals: Chart, Performance Metrics, Trend & Indicators
19.08
-0.2 (-1.04%)
PROSHARES SHORT MSCI EMR MKT / EUM TA 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.
What is the RSI signal for EUM stock?
PROSHARES SHORT MSCI EMR MKT (EUM) has an RSI value of 50.2241. This indicates that the stock is currently neutral.
What is the MACD signal for PROSHARES SHORT MSCI EMR MKT (EUM) stock?
The MACD indicator for PROSHARES SHORT MSCI EMR MKT (EUM) has a value of -0.0403644, indicating a bearish trend.