Taking everything into account, EWEB scores 3 out of 10 in our technical rating. In the past year, EWEB was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
EWEB 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
19.37
When analyzing the support we can see 2 important areas.
- A support zone ranging from 20.48 to 21.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.57 to 19.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 21.21 to 21.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @23.03 from a trend line in the weekly time frame.
- A resistance zone ranging from 23.76 to 23.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 EWEB is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWEB is up. |
| ChartMill Relative Strength | 62.63 | NEUTRAL | EWEB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EWEB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of EWEB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EWEB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.6 | NEUTRAL | The RSI value for EWEB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests EWEB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 97.11 | OVERBOUGHT | The high Stochastics value suggests EWEB may be overbought. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for EWEB suggests low volalility. |
| Average Directional Index/ADX (14) | 22.26 | NEUTRAL | The ADX value for EWEB suggests a possible start of a new trend. |
Global X Emerging Markets Internet and E Commerce ETF
NASDAQ:EWEB (11/10/2023, 8:00:01 PM)
21.14
0 (0%)
Global X Emerging Markets Internet and E Commerce ETF / EWEB FAQ
Can you provide the ChartMill technical rating for Global X Emerging Markets Internet and E Commerce ETF?
ChartMill assigns a technical rating of 3 / 10 to EWEB.
What is the current trend direction of Global X Emerging Markets Internet and E Commerce ETF (EWEB) stock?
The current trend direction for Global X Emerging Markets Internet and E Commerce ETF (EWEB) is Bearish.
Can you provide the RSI signal for Global X Emerging Markets Internet and E Commerce ETF?
Global X Emerging Markets Internet and E Commerce ETF (EWEB) has an RSI value of 56.5967. This indicates that the stock is currently neutral.
What is the MACD signal for EWEB stock?
The MACD indicator for Global X Emerging Markets Internet and E Commerce ETF (EWEB) has a value of 0.159916, indicating a bearish trend.
What is the short term momentum for EWEB stock?
The short term momentum for Global X Emerging Markets Internet and E Commerce ETF (EWEB) is positive.