Global X Emerging Markets Internet and E Commerce ETF (EWEB) Stock Technical Analysis
USA - NASDAQ:EWEB - US37960A6938 - ETF
21.14 USD
0 (0%)
We assign a technical rating of 3 out of 10 to EWEB. EWEB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Warning: EWEB has an average volume of 356 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month EWEB has a been trading in the 18.42 - 21.21 range, which is quite wide. It is currently trading near the high of this range.
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.
When compared to the yearly performance of all other stocks, EWEB outperforms 62% of them, which is more or less in line with the market.
EWEB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EWEB is lagging the market.
Volume is considerably higher in the last couple of days.
EWEB has a poor technical rating and the quality of the setup is also only medium 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
24.14
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.
When analyzing the resistance we notice 3 important areas.
- 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. |
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)
Global X Emerging Markets Internet and E Commerce ETF
NASDAQ:EWEB (11/10/2023, 8:00:01 PM)
21.14
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-0.33%
2 Weeks5.83%
1 Month1.93%
3 Month-6.56%
6 Month0.71%
12 Month9.93%
2 Year-34.41%
3 Year-52.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%1.63%
ATR Inc-93.73%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.63
Mansfield-0.85
10 Day High21.21
10 Day Low20
20 Day High21.21
20 Day Low18.42
52 Week High25.54
52 Week Low18.42
CS1 End21.1
CR1 Start21.21
Volume & EV
DER(3)0%
DER(5)0%
Volume100
Volume Incr62.79%
Vol(5)700
Vol(50)356