PROSHARES SHORT MSCI EMR MKT (EUM) Stock Technical Analysis
USA - NYSEARCA:EUM - US74349Y7461 - ETF
21.14 USD
+0.03 (+0.14%)
21.14 USD
0 (0%)
Taking everything into account, EUM scores 0 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
85% of all other stocks performed better in the past year than EUM.
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 20.98 - 22.63 range, which is quite wide. It is currently trading near the lows of this range.
Warning: EUM has an average volume of 24229 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.
EUM has a poor technical rating and the quality of the setup is also not perfect 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
20.89
27.90
We found 1 important support area.
- A support zone ranging from 21.10 to 21.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 21.30 to 21.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 23.12 to 23.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.89 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 | 15.79 | NEGATIVE | EUM has a low relative strength, it was outperformed by 84.21% 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) | 28.37 | OVERSOLD | The low RSI value suggests EUM may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests EUM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.07 | OVERSOLD | The low Stochastics value suggests EUM may be oversold. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for EUM suggests low volalility. |
| Average Directional Index/ADX (14) | 24.74 | NEUTRAL | The ADX value for EUM suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
21.14
+0.03 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.14%
1 Week-0.29%
2 Weeks-3.87%
1 Month-4.88%
3 Month-8.42%
6 Month-17.99%
12 Month-13.89%
2 Year-31.1%
3 Year-37.68%
5 Year-31.54%
10 Year-64.63%
15 Year-68.34%
Volatility
ATR(14)0.19
ATR(20)%0.84%
ATR Inc-32.72%
Range Today0.13
ADR(20)0.1
ADR(20)%0.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.79
Mansfield-2.38
10 Day High21.83
10 Day Low20.98
20 Day High22.63
20 Day Low20.98
52 Week High29.46
52 Week Low20.98
CS1 End21.13
CR1 Start21.3
Volume & EV
DER(3)-1.16%
DER(5)-0.99%
Volume18.20K
Volume Incr-68.77%
Vol(5)12.54K
Vol(50)24.23K