PROSHARES SHORT MSCI EMR MKT (EUM) Technical Analysis
NYSEARCA:EUM • US74349Y7461
Current stock price
EUM Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to EUM. EUM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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: 85% 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 17.81 - 20.06 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.
EUM Weekly and Daily overview Charts
EUM Setup Rating and Analysis
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
EUM Support and Resistance Analysis
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 18.94 to 19.08. 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 | DOWN | NEGATIVE | The short term trend for EUM is down. |
| ChartMill Relative Strength | 15.26 | NEGATIVE | EUM has a low relative strength, it was outperformed by 84.74% 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) | 39.21 | NEUTRAL | The RSI value for EUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests EUM has a negative trend. |
| Stochastics (14,3) | 9.04 | OVERSOLD | The low Stochastics value suggests EUM may be oversold. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for EUM suggests some volalility. |
| Average Directional Index/ADX (14) | 23.33 | NEUTRAL | The ADX value for EUM suggests a possible start of a new trend. |
EUM Chart- and CandleStick Pattern Analysis
EUM Technicals: Chart, Performance Metrics, Trend & Indicators
18
-0.07 (-0.39%)
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 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.
What is the RSI signal for EUM stock?
PROSHARES SHORT MSCI EMR MKT (EUM) has an RSI value of 39.2065. 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 -0.192994, indicating a bearish trend.
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.